Chicago Fed President Evans speaking on his outlook for the economy
Dropping that bombshell into the conversation ….
- with robust economic recovery, we ought to see inflation get up to 2% and overshoot
- need to be mindful about concerns for higher inflation due to fiscal stimulus but do not really see that happening
- totally comfortable with 2.5% inflation for a time
- looks like we will have a very robust recovery in 2022
- sees unemployment under 4% in 2022