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Fed’s Evans Says He’d Welcome 2.5% Inflation Rate in U.S.

  • ‘We have to cross over, beyond 2%, with some momentum’
  • Evans earlier said he sees slow improvement for price growth
Bloomberg business news
Fed’s Evans Would Be ‘Quite Pleased’ With 2.5% Core Inflation
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Federal Reserve Bank of Chicago President Charles Evans said he would welcome 2.5% inflation in the U.S. for a time in order to average out the current period in which price pressures are running below the central bank’s 2% target.

“I think we have to cross over, beyond 2%, with some momentum,” Evans said Monday during a Bloomberg TV interview with Michael McKee. “I would be quite pleased if we could get core inflation up to 2.5% for a time.”