Chicago Fed President Charles Evan said he was comfortable with the current stance of monetary policy but said there is some higher uncertainty about the...
Chicago Fed President Charles Evan said he was comfortable with the current stance of monetary policy but said there is some higher uncertainty about the outlook for the economy that bears watching. In an interview on CNBC, Evans said the fundamentals are "solid" even as he remains nervous inflation is below the 2% target.
Asked about the fact that investors are now pricing in two rate cuts this year, Evans said, on face value, it means the "market sees something that I haven't yet seen in the national data." For now, current policy stance was appropriate, he said. "If we sense there was some greater uncertainty, some softening, we would have to take that into account and ask are we getting in the way of the economy. I don't see it that way at the moment," he said.
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