Evans: Exercising Caution in Normalizing Monetary Policy | Forex Factory

  • Evans: Exercising Caution in Normalizing Monetary Policy

    From chicagofed.org

    Good afternoon. Thank you for inviting me to the Global Outlook Seminar. Today, I would like to share my outlook for the U.S. economy and my assessment of appropriate monetary policy. Let me note that my comments reflect my own views and do not necessarily represent the views of my colleagues on the Federal Open Market Committee (FOMC) or within the Federal Reserve System. To give you the punch line, I think the outlook for growth in economic activity and the labor market is good. However, inflation is too low, and it has been too low for the last 6 years. Moreover, my forecast is for inflation to rise at a very ... (full story)

Comment Options
The Fool
May 18, 2015 1:48am
Permalink
Bullish.

"I think the FOMC should refrain from raising the federal funds rate (our traditional short-term interest rate policy tool) until there is much greater confidence that inflation one or two years ahead will be at our 2 percent target."
Pipomagic
May 18, 2015 1:21am
Permalink
I think the FOMC should refrain from raising the federal funds rate (our traditional short-term interest rate policy tool) until there is much greater confidence that inflation one or two years ahead will be at our 2 percent target. I see no compelling reason for us to be in a hurry to tighten financial conditions until then.

There you have it
Reply
Exodus
May 18, 2015 2:12am
Permalink
When the dollar index falls there is a likely point to raise rates because the fall will directly feed US inflation.
Reply
Pipomagic
May 18, 2015 1:22am
Permalink
Buy anything good against USD
Reply
teod00r
May 18, 2015 1:54am
Permalink
"The most recent reading on market expectations puts the target rate at the end of 2016 at around 1 percent — a full percentage point below the median FOMC forecast."
Reply
Ojiego
May 18, 2015 1:51am
Permalink
I don't need this guy to tell me the obvious .....
Reply
Trader#97A5
May 18, 2015 1:36am
Permalink
Not rise fed intrest rate
Reply

  • Related Stories

There are no posts to display for these settings.
  • Story Stats