Fed's Evans says expects to raise rates further and hold stance for quite a while

• My outlook is roughly in line with Fed median assessment of rates at 4.25% to 4.50% at year-end
• At some point, it will be appropriate to slow the pace of rate increases and hold rates for a while to assess the impact on the economy
• Our actions will result in below-trend growth and softening of labour market
• But fialing to restore price stability would result in far greater costs
• Many of the risks to the Fed's outlook appear to be on the downside
• Expects 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 to cool substantially over the next couple of years
• Full speech

All of this isn't anything new and with Evans saying that his view is more or less in line with the general FOMC outlook, there isn't much to really look too much into the remarks above. The only thing perhaps is the soft landing versus hard landing debate but then again, the Fed is in a much, much better position to avoid that argument for now as compared to the likes of Europe and the UK at least.