June 4, 2019
(Reuters) – The U.S. economy is solid and interest rates have been in the right place, but policymakers need to keep an eye on weak inflation and uncertainty over trade conflicts, Chicago Federal Reserve President Charles Evans said on Tuesday.
“Our current setting has been appropriate, but if we sense that there was some greater uncertainty, some softening, we’d have to take that into account and ask, are we getting in the way of the economy? I don’t see it that way at the moment.”
Evans said markets, which are betting the Fed’s next move will be a rate cut, may be seeing “something that I haven’t yet seen in the national data.”
(Reporting by Trevor Hunnicutt; Editing by Chizu Nomiyama)