Fed's Evans Sees September Balance Sheet Move
- Chicago Fed chief says rates may be ‘pretty close to neutral’
- Inflation outlook depends on how long tech impact lasts: Evans
Bullard Says Fed Surprised by Inflation on Downside
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Chicago Fed President Charles Evans said it would be “reasonable” to announce the beginning of a reduction of the central bank’s balance sheet next month, while cautioning that disappointing inflation data may delay interest-rate increases as technological disruption dampens price pressures.
“The table is set for the recent unusual downward movements in inflation -- due to cell-phone data services prices and other factors -- receding, and we’ll just have to see how that goes,” Evans told reporters at a media briefing in Chicago on Wednesday.