Evans gets tagged in by Constancio
- Sees US growth of 2.5% for rest of year though notes the weak Q1
- Corporate spending is weak spot in US economy
- Would like to have more confidence in the outlook for inflation
- Fed's wait and see stance is appropriate
- Inflation expectations have fallen in the longer horizons
- Fed is disappointed in the low levels of business investment
We're hardly in an environment were companies want to go out on a limb with spending.