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Evans, Charles L. on 2018 April 7

If inflation remains on track for 2 percent, continuing our slow, gradual increases will be appropriate to get us to the point where monetary policy isn’t really providing more lift to the economy.

“Fiscal policy has been much more supportive of further growth and so the need for accommodative monetary policy is less than it was before,” Evans told reporters in comments after a talk at the University of Chicago Graduate China Forum. The Fed next meets to set policy in June. If it remains on track for 2 percent, and inflation expectations rise, “continuing our slow, gradual increases will be appropriate to get us to the point where monetary policy isn’t really providing more lift to the economy.” ... “I am optimistic that we are going get to 2 percent; it would be surprising if we didn’t, I just want to make sure we do,” he said. “In that environment, a gradual increase in our interest rate range objectives is appropriate.” Evans, Charles L.

University of Chicago

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