Fed Evans key comments: supports gradual hikes
|Charles Evans, president of the Federal Reserve Bank of Chicago was speaking in NY:
Key Quotes:
- If wages growing more would think econ more.
- Fed Evans q&a: real economy doing 'quite well'.
- Support 'very gradual' hikes, balance sheet reduction.
- See downside risks t the inflation outlook.
- Inflation view less sanguine than fomc median.
- More accommodative policies reduce risk of near-0 rates .
- Must assure public 2% inflation target not a ceiling .
- Slow removal of accommodation needed to hit infllation target.
- 2, 3 or 4 rate hikes this yr 'small difference'.
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