Fed’s Evans Supports Inflation Going to 2.5%

The President of the Federal Reserve Bank of Chicago, Charles Evans, has supported maintaining the current policy until inflation reaches 2.5%.

“I’d be comfortable with inflation going up to 2.5% as long as we were trying to average off very low inflation rates.”

“I think the way that we did it in 2012 is not unattractive… our environment is somewhat different now because we are saying we want to average 2%.”