Evans Says Fed Must Convince Public It Sees Low-Inflation Issue
- ‘Current environment supports very gradual rate hikes’: Evans
- Chicago Fed chief backs slow preset unwind of balance sheet
Yellen Says Fed Has Taken Note of Weak Inflation Readings
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Federal Reserve officials need to show a commitment to reaching their goal on inflation, which has generally been running below target since the financial crisis, Chicago Fed President Charles Evans said.
“We have to assure the public that we recognize the new low-inflation environment and that we are not overly conservative central bankers who see our inflation target as a ceiling,” Evans said Monday in remarks prepared for a speech in New York.