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Fed should address falling US inflation expectations: Charles Evans

Janet Yellen believes that as the labor market tightens, inflation will rise back toward 2%, Evans still remains unsure

Reuters  |  London 

Chicago Federal Reserve Bank President Charles Evans on Wednesday said he is worried about a drop in US inflation expectations and called for the US central bank to respond by flagging the likelihood of higher inflation ahead. "When I look at the downward drift in multiple expectations measures, I find it tougher to confidently buy into the idea that inflation today is just temporarily low once again," Evans said in remarks prepared for delivery to the UBS European Conference in London. To prevent low inflation expectations becoming entrenched, he said, "our public ...

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First Published: Wed, November 15 2017. 15:39 IST