Fed's Evans: Slightly restrictive Fed policy makes sense

Chicago Fed President Charles Evans is now crossing the wires as he answers questions in an interview with CNBC. 

Key quotes (via Reuters)

  • US economy is strong, time to adjust policy stance at least neutral.
  • I’m not worried about inflation.
  • Slightly restrictive Fed policy makes sense.
  • Slightly ‘restrictive’ may mean 50bps above neutral.
  • Economic growth is above trend.
  • Inflation could go to 2.2%-2.3%.
  • Jobless rate heading to 3.5%, hence needs to be above neutral.
  • Questioning of rate hikes is fair.

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