5 Dec 2016
Federal Reserve Evans speaking and hawkish
Federal Reserve Evans was speaking to reporters ahead of next week's FOMC meeting and has said, "We're on the cusp of a period of rising interest rates."
Key comments:
- Fiscal policy under discussion can reinforce expected US growth trajectory
- Fed to be patient see what fiscal stimulus emerges
- Jobless rate means less need for fiscal stimulus
- With unemployment at 4.6% you don't need explicit infrastructure stimulus
- Fiscal policies can reinforce growth outlook
- Says demand in US is really quite good
- He thinks inflation to move toward Feds 2% goal
- Need to have patience to assess what new administration's policies will be