Charles Evans, president of the Federal Reserve Bank of Chicago is speaking in NY. Earlier remarks here:

  • Fed's Evans: need very gradual hikes, slow reductions in b/s

More now:

  • Says he did not dissent at the FOMC because the economy is doing quite well
  • Can't say very low rates are without risk
  • Fed Funds rate right now is in line with his outlook
  • Natural move to begin to unwind the Federal Reserve balance sheet this year

(Headlines via Bloomberg)

Evans in the Q&A