More from Fed's Evans - short-term neutral rate may be higher than long-run rate

Federal Reserve Federal Reserve The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the Read this Term Bank of Chicago President Charles Evans spoke earlier on current economic conditions & monetary policy before the Money Marketeers of New York University, in New York:

• Fed's Evans calls to raise interest rates to 2.25% - 2.5% quickly

Q&A now:

• I believe 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 will be 3% or less by 2023
• underlying inflation is currently around 4% to 4.5%
• the short-term neutral rate may be greater than the long-run neutral rate
• if inflation is not responding to tighter policy to the degree needed then "we are going to continue working on it"
• my colleagues and I have been pretty clear when we have said we are going to move the Fed Funds rate towards neutral in an expeditious fashion
• I think the front loading is pretty much in process
• As long as inflation looks like its high and its trajectory is high the FOMC is going to say policy is not restrictive and will keep going
• its time to adjust our balance sheer back to a more normal setting
• I wouldn't say that involves a full round trip in its size

more to come