Fed's Evans: National economy is doing 'extremely well'

Eren Sengezer FXStreet

Chicago Fed President Charles Evans is now crossing the wires, delivering the key quotes, via Reuters, found below.

At the moment the U.S. economy is doing quite well on employment, inflation.
It's unusual for the president to comment on monetary policy, but asking why rates need to rise is a fair question.
National economy is doing 'extremely well'.
Sees U.S. economy growing 3.2 pct this year, to slow next year to 2.5 pct.
Expects unemployment rate to bottom out at 3.5 pct, then to rise slowly to about 4.5 pct

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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