Fed's Evans: Business sector has softened due to weak global demand

Fed's Evans on the wires

Fed Evans
  • After rate cuts the Fed should leave policy on hold for 'some time'
  • US annual growth is about 1.75%
  • hostile trade climate may weigh further on potential growth
  • A limit to what monetary policy can do
  • engineering a modest inflation overshoot would not be a policy error in current climate

Repeating much of what we heard yesterday, nothing new here.

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