More comments from Evans:

  • Dot plot chart clearly shows economy doing better
  • Some think headwinds will recede quicker, some longer
  • It's going to be a challenge to get inflation in the US when the rest of the world has low inflation
  • US bilateral exposure isn't that big
  • US doing about as well as any economy around the world
  • Unlikely we'll see growth rates above 2.5% to 4.0%.

This is the Q&A, his initial comments were here.

I like what Evans has been saying for the past year. He's right that even if some inflation kicks up, it will be no problem for the Fed to stop it. He also makes a great point on global inflation. It's a globalized jobs market and if US workers start asking for more, it's just another reason to hire elsewhere.