Fed’s Evans says he’s nervous about inflation weakness

Reuters/Lindsay Dunsmuir/06-20-17

Chicago Federal Reserve Bank President Charles Evans said on Tuesday he is increasingly concerned that a recent softness in inflation is a sign the U.S. central bank will struggle to get price pressures back to its 2 percent objective.

“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,” Evans said in an interview with broadcaster CNBC.

…If inflation remains in a slump, the Fed may require a shallower path of rate rises, he added.

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