Charles Evans is head of the Federal Reserve in Chicago
- He would be fine with raising rates by year end if data keeps coming in firm
- Says any rate rise most likely to be at December meeting, but could be November
- More important to set out how rates would increase beyond that
- Says rate increases are data dependent, need to see inflation actually moving up
- Would like to see resource slack going away in a clear manner, unemployment down to 4.5 pct
- Says further increases in us$ would lower inflation, have to be mindful of that
- Financial stability risks are moderate, no more than that
Evans speaking with media following his lunch time (NZ time) speech. Earlier comments are here: Fed's Evans: Should be a very shallow rate hike path
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ps. The debate between the US vice-presidential candidates is currently on. Its mainly interesting as it reflects what the presidential debate would have been like had not each party lost its ****in' mind in selecting presidential candidates.
