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Fed's Evans says need patience to allow inflation to rise - Metro US

Fed’s Evans says need patience to allow inflation to rise

Chicago Federal Reserve Bank President Charles Evans speaks during the Global Interdependence Center Members Delegation Event in Mexico City

(Reuters) – Chicago Federal Reserve President Charles Evans on Thursday said he is nervous about too-low inflation.

A burst of inflation for six months “is not nearly enough… patience is something we are going to have to grapple with, probably,” Evans told reporters on a call. “We should be comfortable with a sustainable 2.5% inflation rate for a year; I don’t really get nervous until it starts creeping up to 3%, and even then, I’d like to know how that’s how that’s being achieved.”

(Reporting by Ann Saphir; Editing by Chizu Nomiyama)

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