Fed’s Evans: Fed's wait and see stance is appropriate

Federal Reserve board member Evans was on the wires today, commenting on the Fed’s monetary policy stance.

Key Quotes:

See 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