• expects US growth to rebound after weak Q1

  • Fed ought to allow chance of inflation overshooting 2%

  • inflation is too low, doesn't see it reaching 2% until 2018

  • "crucial" that Fed be symmetric toward 2% inflation goal

  • Fed should only raise rates gradually following lift off

Chicago Fed pres Charles Evans, a voting member of the FOMC this year, repeating his known bearish stance in a speech to be delivered in Stockholm