Head of the Fed's Chicago branks Charles Evans, speaking in Sydney today

Earlier comments are here

More now:

  • Financial stability is important, but could be addressed by macro tools
  • Directional changes in inflation expectations are more important than levels
  • Wants to build a policy buffer, but through lifting inflation before rates
  • Raising rates to create a buffer for future shocks would be counter productive
  • Room for more spending on infrastructure in US

Via Reuters