Fed's Evans expects GDP growth of 2.5% this year and next year

Speaking in Illinois breakfast event.

  • US economy has been stronger and stronger
  • expects 2.5% growth this year, next year
  • excess labor market to be vibrant
  • expects investment to pick up
  • tax cuts should boost investment this year
  • inflation is the challenge that we face as monetary policymakers
  • policy continues to be accommodative and should help to boost inflation.

Evans, along with Fed's Kashkari, did not vote for the rate hike in December.

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