Fed's Evans: Gradual, cautious approach to policy normalization is appropriate

In a speech before the Economic Club of Grand Rapids on Monday, Chicago Fed President Evans said that a gradual, cautious approach to policy normalization was appropriate.

Key quotes (via Reuters):

Broadly comfortable lifting rates to 2.7 pct by end of 2019
Fed needs clear signs of upward wage, price pressure before next rate hike
Little in recent data to suggest inflation will soon rise to 2-pct target
Should maintain policy accommodation until inflation on sustainable path to 2 pct
U.S. economy close to full employment
Concerned inflation expectations are too low

Sep 25, 2017

Pentagon: Will provide Trump options if North Korea provocations continue - Reuters

“If North Korea does not stop their provocative actions, you know, we will make sure that we provide options to the President to deal with North Korea

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Sep 25, 2017

Fed's Evans: Policy will still be accommodative even as Fed allows balance sheet to shrink very slowly

Additional headlines from Chicago Fed President Evans are crossing the wires, with key quotes, via Reuters, found below: Hopeful more innovation wi

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Fed's Evans: Gradual, cautious approach to policy normalization is appropriate

Pentagon: Will provide Trump options if North Korea provocations continue - Reuters

Fed's Evans: Policy will still be accommodative even as Fed allows balance sheet to shrink very slowly