Fed’s Charles Evans the next kid on the soap box
- Fed needs clear signs of upward wage pressures before next hike
- Is concerned inflation expectations are quite low
- There’s little in recent data to suggest inflation will soon rise to 2%
- Economy is close to full employment
- Should maintain accommodation until inflation is on a sustainable path to 2%
Happy to hike but not just yet. There’s a bounce in USDJPY but that’s on the back of some snap back from yen buying.