Chicago Fed president Charles Evans comments on Bloomberg TV
- Comfortable with expected path for expectations of a rate hike
- Inflation data has improved significantly
- It's fine for inflation to go above 2% for some time
- Sees inflation at objective or just above
- Would like to see stronger wage growth
- Says that Amazon pay rise continues trend of companies announcing modest adjustments to lower paid workers
- Says that US economic fundamentals are very strong
- Financial stability risks are moderate at the moment
- Leverage is not really that big of a concern
Nothing really too new from Evans really. The only notable comment here is that of a December hike and the future path of rate hikes to come. But even then, it's not really anything of note. Kaplan made similar comments here yesterday too.
