Fed's Evans say if inflation expectations increase a lot it'd make sense to think about a 2022 rate hike

Regional Fed (Chicago) chief Evans

• Searches for new Fed presidents will be a test for Fed's effort to lay groundwork for more diversity
• have had substantial discussions with Chicago Fed board of directors on search for successor
• bar is 'reasonably high' for changing pace of Fed's taper
• we have time to be patient
• do not see current rate of wage increases as indicating overly accommodative policy
• by the spring we will know a lot more about the inflation outlook
• if inflation expectations increase a lot, it would make sense to think about a 2022 rate hike