Fed's Evans: Less headroom to hike rates

Chicago Fed's President Charles Evans crossed the wires from the University of Chicago, stating that inflation is "too low" and there is less headroom to raise rates.

Key headlines (via Reuters):

• U.S. economy is doing quite well
• Says expects 2 pct to 2.5 pct growth in second half of 2016
• Still room for wages to pick up before labor markets get tight
• Fed should commit to achieving 2-pct inflation goal sooner than later
• Pace of rate hikes should be tied to progress on achieving inflation goal
• Appropriate Fed policy might require undershooting on unemployment, overshooting on inflation
• Sees relatively good near-term growth outlook
• Says inflation is too low