Evans says weak inflation not necessarily a deterrent
- Sees a lot of uncertainty over Trump tax proposals
- Economy on sound footing, one or two hikes appropriate
So Evans is ok with a hike in June but wants to see inflation before hiking again.
On Bloomberg:
- Q1 growth was weaker than we would like but hope Q2 makes up for that
- Normally you would expect wages to growth 3-4%, we're at 2 or 2.5%
- I'm hopeful that wages are going to move up
- 4.5% could be full employment
- In the second half, I expect to see 2.25% growth dynamics materialize
- It's difficult to come up with many downside US risks, the global environment is much more sound
- It's tough to ignore the reports from contacts I've been getting that say Europe is picking up
