Charles Evans - Federal Reserve System

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Last quote by Charles Evans

I will say that the most recent inflation data made me a little nervous about that. I think it's much more challenging from here on out.feedback
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Jun 20 2017
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Charles Evans is associated, including U.S. and Federal Reserve. Most recently, Charles Evans has been quoted saying: “In a world of global competition and new technology, I think competition is coming from new places. New partners are choosing to merge and sort of changing the marketplace and [bringing] more competitive pressures on price margins. If that's the case, and I think that's just speculative at this point, then it means that we need even more accommodation to get inflation up.” in the article Big mergers could put Fed on hold for more rate hikes, Evans says.
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Charles Evans quotes

Jan 13 2017

The U.S. economy could experience a burst of four percent growth for a year or two or more...But unless this is accompanied by sustainable structural improvement in labor and productivity growth, such GDP growth would ... ultimately lead to more restrictive financial conditions.feedback

Jan 06 2017

I've got an outlook and I'm a little cautious. (I) probably only have two rate increases penciled in for (2017). But if the outlook solidifies, if we actually get that, if risk management concerns are less important as we move away from zero lower down risk, yeah, three rate hikes could make sense.feedback

Jan 06 2017

I still think two moves is not an unreasonable expectation ...but it's going to depend on how the data roll out, and if it's a little bit stronger, three is not going to be implausible.feedback

Dec 05 2016

An infrastructure plan would be terrific, that would be good. I think corporate tax rationalization would be a huge improvement.feedback

Dec 05 2016

You don't need explicit stimulus.feedback

Nov 09 2016

We need independence from short term political pressure.feedback

Nov 08 2016

It would probably take something pretty sizable to change my assessment that a December move is consistent with a shallow path. Even if you are a little more nervous in December than I am currently then you would still have the option of waiting until the next year. You'd have to feel more strongly that one rate increase in December was really the wrong path, and that would take a more negative implications than what I'm expecting or seeing.feedback

Oct 11 2016

I see benefits to trying to engineer policy to allow for the strong possibility of inflation overshooting its target.feedback

Oct 11 2016 - Unemployment

I also think it would help to indicate that policymakers would be willing to accept the increased inflationary risk that might accompany further declines in unemployment.feedback

Oct 10 2016

For risk management reasons, we need to make sure we hit our inflation objective at the same time we're at full employment.feedback

Oct 10 2016

December could be an appropriate time to do it, but I don't see any urgency either.feedback

Oct 10 2016

I thought it was actually a pretty good report.feedback

Oct 10 2016

[It's] not anything that's going to lead to inflation moving up above 2 percent and I want to get to 2 percent.feedback

Oct 10 2016

When the labor force is continuing to expand a little bit, that's a good sign. Wages going up a little bit, that's a good sign. But it's still not really consistent with labor market tightness.feedback

Oct 05 2016

What the central bank needs to do is have a view point on whether or not fiscal policy is going to be stimulatory or contractionary on the economy over the next three to five years and then we have to decide if we need to take action to offset its effects on inflation.feedback

Oct 05 2016

I have a forecast where things continue to improve. I do think there will be a rate increase.feedback

Oct 05 2016

I am less concerned about the timing of the next increase than I am about the path over the next three years.feedback

Sep 29 2016

This is one reason monetary policy is expected to normalize at a very gradual pace.feedback

Sep 29 2016

The risk of overshooting our 2 percent inflation is lower - and the likelihood that we actually get to 2 percent is smaller.feedback

Sep 29 2016 - Federal Reserve

The low interest rate environment is not just a U.S. phenomenon, or simply a situation engineered by Federal Reserve policy.feedback

Aug 31 2016

If necessary, we could normalize policy much faster than currently envisioned and still keep the pace gradual enough to avoid a disorderly change in financial conditions.feedback

Aug 31 2016

Long-run expectations for policy rates provide an anchor to long-run interest rates. So lower policy rate expectations act as a restraint on how much long-term rates could rise following a surprise over the near-term policy path.feedback

May 09 2016

While the fundamentals for U.S. growth continue to be good, uncertainty and risks remain. In my opinion, the continuation of 'wait and see' monetary policy response is appropriate to ensure that economic growth continues.feedback

Mar 30 2016

Volatility is likely to arise more often. is one reason for the U.S. central bank to be "cautious" as it considers when to raise rates.feedback

Mar 30 2016

I'm a little nervous about business fixed investment, [considering] the decline in energy and the fact that we produce energy more now. It's a different type of exposure than we faced 10 or 15 years ago. My assessment is the economy is going to be strong enough [and] we'll be raising rates two times this year. It could well be more if we do better.feedback

Mar 30 2016

Accommodative policy continues to be appropriate. But it does have an upwards slope to it. If [the data] come in stronger, then everybody would adjust upwards.feedback

Mar 30 2016

I would say the threshold for having confidence that inflation is sustainably moving up towards our 2 percent inflation target is pretty high. I'd be surprised if we met that condition, myself, in April.feedback

Mar 30 2016

I think moving in June would be on the basis of further improvement in the labor market. [But] I don't think we want to get ahead of ourselves.feedback

Jan 07 2016

From my perspective, the costs of raising the federal funds rate too quickly far exceeds the costs of removing accommodation too slowly.feedback

Jan 07 2016

There's obviously more volatility in financial markets at the moment. How things will settle out is still a little unsure.feedback

Jan 07 2016

I think appropriate policy is consistent with some of the most accommodative dots on the chart.feedback

Jun 11 2015

We've indicated that conditions look like they could be right for an increase. The real side of the economy is looking a lot better.feedback

May 04 2015

A very shallow funds rate path, such as the one envisioned by the median FOMC participant, is appropriate.feedback

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