Fed’s Evans: Monetary policy can't fight rise in asset prices explicitly

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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