Fed's Evans expects GDP growth of 2.5% this year and next year

Speaking in Illinois breakfast event.

• US economy has been stronger and stronger
• expects 2.5% growth this year, next year
• excess labor market to be vibrant
• expects investment to pick up
• tax cuts should boost investment this year
• inflation is the challenge that we face as monetary policymakers
• policy continues to be accommodative and should help to boost inflation.

Evans, along with Fed's Kashkari, did not vote for the rate hike in December.