Charles Evans takes to the stage
- True upward momentum in inflation is critical before raising interest rates
- Could be well into next year before economy sees a sustained rise in CPI
- Sees inflation just below 2% at the end of 2018
- Fed should raise gradually after first hike
- There are substantial costs to premature normalisation of policy
- Expects 2.5% GDP for for US over next 18 months
- Sees unemployment dropping below 4.9% by the end of 2016
This mob change their minds like the weather. Only a few days ago he was saying that the jobs numbers were good and conditions are ripe for a hike. He also said he wouldn't be concerned about an overshoot in inflation but now he wants to see it up before hiking
