Fed's Evens: US economy firing on all cylinders

Ross J Burland FXStreet

Fed's Evens is crossing the wires and has said that the US economy is firing on all cylinders.

Key notes:

Fed can raise rates gradually without risk of inflation surge, Evans says
Fed funds rate does not need to rise much above neutral setting
Interest rates expected to rise gradually over next couple of years
Evans says U.S. Economy firing on all cylinders
Job market 'solid,' consumer spending fundamentals 'quite strong'
Capital spending has 'forward momentum,' fiscal policy strongly expansionary
Global growth picking up, sees trade uncertainty
U.S. Inflation somewhat below target, expected to improve
Sees little risk of accelerating, markedly higher inflation

About Charles L. Evans

Charles L. Evans is the ninth president and chief executive officer of the Federal Reserve Bank of Chicago. In that capacity, he serves on the Federal Open Market Committee (FOMC), the Federal Reserve System's monetary policy-making body.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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