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Fed's Evans: Fed has capacity to wait and take stock of incoming data
Chicago Fed President Charles Evans recently crossed the wires arguing that the Fed has the capacity to wait and take stock of the incoming data.
Key quotes
- Inflation expectations not risen as much as he expected.
- First half of 2019 important for assessing Fed policy.
- Downside risk increased by market turmoil, trade war.
- Inflation to average just above 2% over the next 3 years.
- Expects Fed funds to eventually rise to 3% – 3.25% range.
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
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