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News

Chicago Fed president Evans expects monetary policy to remain on hold for some time

  • We are still some ways before reaching goals
  • Substantial further progress bar for reducing asset purchases won't be met for a while
  • Very optimistic about economic growth prospects
  • Hopefully employment goal in sight before too long
  • Achieving inflation goal may prove more difficult
  • Economy has a good deal of momentum but still a long way to go before regaining pre-pandemic levels
  • We need to get higher rates of inflation and solidify 2% inflation expectations

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UK inflation bounces back, charting a course to 2% - ING
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