Fed’s Evans: You would expect if there was no jobs slack, wages would go up

Fed’s Evans in the Q&A
– We keep waiting for wages and inflation to pickup
– We need to make sure we confidently get inflation up to our objective
– At the moment, I think the downside risks are predominant
Evans has circled back to inflation at least 5 times in this appearance. He keeps saying he wants to see 2% inflation before he believes it will happen.

Fed’s Evans: You would expect if there was no jobs slack, wages would go up

Fed’s Evans in the Q&A
– We keep waiting for wages and inflation to pickup
– We need to make sure we confidently get inflation up to our objective
– At the moment, I think the downside risks are predominant
Evans has circled back to inflation at least 5 times in this appearance. He keeps saying he wants to see 2% inflation before he believes it will happen.