Fed's Charles Evans speaks in London
- Sees no compelling reason to hurry on rate hikes
- Needs much more confidence on inflation outlook before hiking
- Concerned about too low inflation
- Worried that price drops could get embedded in expectations
- Repeats his view that Fed should wait until 2016 to raise rates
- Expects growth at 3.05 for next couple of years
- Current unemployment rate still above 5% normal rate
Chicago's Charles Evans is a voter this year, and alternate next and then back on in 2017