Comments from the Chicago Fed President
- Should be clear that 2.5% inflation for some time is likely in the cards if Fed is doing its job right
- It's unbelievably important to exceeds 2% inflation for some time
- Absence of fiscal support would mean unemployment rate would not fall as much
Kaplan has said 2.25%-2.50% but Evans is pushing the top end of that range. He's said 2.5% a before but adding 'some time' to it is a step further.
