Fed's Evans: Where's the inflation?

|By:, SA News Editor

"I am somewhat exasperated by these repeated warnings given our current environment of very low inflation," says Chicago Fed chief Charles Evans, tweaking those who have been calling for higher inflation for the last five years.

Evans sees inflation remaining below target "for several more years," and says there is "substantial room" for stronger wage growth without inflation pressures building. The Fed's massive balance sheet? Not a "classic warning sign" of inflation.

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