Fed Evans favors very gradual policy normalization to ensure inflation goal

By FXStreet FXStreet (Córdoba) – Chicago Fed President Charles Evans said the Fed should hike rates more gradually than what the forecast envision.

He sees inflation slowly reaching 2% within the next 3 years, but he is “less optimistic about the inflation outlook than most of my colleagues”.

Evans stated that rates equal to 1% at the end of 2016 will support the bank’s inflation goal. He said he is a little nervous about relative strength of US dollar.
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Source:: FX Street