Fed’s Evans: Monetary policy can't fight rise in asset prices explicitly
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More comments crossing the wires from the Chicago Fed President Charles Evans, as speaks at the UBS European Conference, in London.
Headlines:
Monetary policy can't fight the rise in asset prices explicitly.
Have to be mindful of US fiscal policy becoming more expansionary.
I don't see the vibrant labor market as "running the economy hot" by any stretch of imagination.
How small fed balance sheet gets remains an open question but trajectory is set.
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