Fed's Evans also said the FOMC has the ability to wait and see
Fed's Evans also said the FOMC has the ability to wait and see, while assessing current conditions, in his comments on policy and the economy, joining the chorus of Bullard and Bostic. Note that the three are the most dovish of the regional presidents. He and Bullard are voters this year. He does, however, expect the funds rate to rise to the 3% to 3.25% range. Downside risks to the economy have increased due to the market turmoil and the trade war. The first half of the year will be important in assessing the Fed outlook. His baseline growth estimate is a bit above 2% for this year. Inflation expectations haven't risen as much as he had expected, and he thinks it will average around 2% over the next three years.