Fed’s Evans: Allow Inflation to Reach 2.5%

President of the Federal Reserve Bank of Chicago, Charles Evans, expects inflation in the United States will reach 2% and unemployment at 4% by 2023, Reuters reported.

According to Evans, inflation could be allowed to reach 2.5%.

“The Fed needs to have an ‘in it to win it’ attitude toward our inflation objective.”

“This will require actual overshooting, and we can’t be timid about doing so.”