4 Jun 2019
Fed's Evans: Current setting on rates has been appropriate
Additional comments from Chicago Fed President Charles Evans continue to cross the wires as he speaks in an interview with CNBC.
Key quotes (via Reuters)
- Fundamentals for economy continue to be solid, with consumers and labor markets strong.
- Policymakers should be overshooting 2% inflation to be symmetric, can look through tariff-driven increases.
- Inflationary pressures seem not strong or absent.
- Current setting on rates has been appropriate but, if there is more softening, policymakers need to ask if they are getting in the way of the economy.
- Market sees something that I have not yet seen in the national data.