Federal Reserve Evans speaking and hawkish
|Federal Reserve Evans was speaking to reporters ahead of next week's FOMC meeting and has said, "We're on the cusp of a period of rising interest rates."
Key comments:
- Fiscal policy under discussion can reinforce expected US growth trajectory
- Fed to be patient see what fiscal stimulus emerges
- Jobless rate means less need for fiscal stimulus
- With unemployment at 4.6% you don't need explicit infrastructure stimulus
- Fiscal policies can reinforce growth outlook
- Says demand in US is really quite good
- He thinks inflation to move toward Feds 2% goal
- Need to have patience to assess what new administration's policies will be
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.