Fed's Evans: We will need to raise rates further and hold them for awhile

  • Comments from the Chicago Fed President
Feds Evans
Fed president Evans
  • Exact stance of policy will depend on outlook and risks
  • Economic data has been mixed
  • Labor market remains strong
  • Seeing signs that some of the unusual strength in labor markets may be waning
  • Personal forecast is broadly in line with Fed September projections

There's no clear signal here but, if anything, the comment about the Sept projections is in line with what Daly was saying earlier.

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