Fed's Evans: Beginning rate hikes six months earlier would have made sense

Evans is winding down his Fed career with his retirement planned for year end. I don't think he's saying anything here that we don't already know but I'll monitor for more comments and update here.

The market is 90% priced for a 75 bps hike in two weeks with the remainder at 100 bps.

• Need to make sure inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term pressures don't broaden further
• Fed policy must be suitably restrictive
• Fed to reach 2% inflation target over the medium term
• Fed is mindful of implications of its actions on the economy but inflation remains the main job
• Economy still looks relatively good
• If Fed can keep unemployment below 5% that would be 'unusual and good'