Evans on Bloomberg TV

  • Prudent to take a look at monetary policy setting
  • Fundamentals are solid for the economy
  • You have to wonder about the inflation process given persistent weakness in price pressures
  • Low inflation itself is grounds to weigh more accommodation
  • Says his estimate for 2019 GDP is 2%
  • Has to be sure that the Fed is not getting in the way of 'good growth'
  • There may be insurance reasons to talk about policy adjustments
  • Not concerned about inflationary effects of tariffs; they're a one-off
  • Real issue we have if stating what we mean by 'symmetric'
  • Need to defend 2% symmetric inflation target 'very strongly'

Evans said something along the lines of "it would be prudent to take a look at our setting for monetary policy as we do at every meeting. I'm a bit nervous about weak inflation."

This is more-dovish than his most-recent set of comments.