Fed’s Evans Urges Caution on Hiking Rates

The fucking comedy show continues. Fed’s Evans is out with comments, professing the need to chill and relax, wait and see how everything pans out–before jacking borrowing costs for the U.S. government.

“The continuation of a wait-and-see monetary policy response is appropriate to ensure that economic growth continues, labor markets strengthen further, wages begin to increase more, and all of this supports an eventual increase in currently low inflation back up to our 2 percent objective,” Evans said.

“We have of course to see now the effects of our very recent economic measures, which take time to produce effect,” he said. “But at the same time we have to keep being alert about any new external developments, so there is really no answer in terms of any timetable. We certainly hope that without major upheavals in the international economy, our policies as they are in place will be enough to obtain our objectives.”

Evans is looking for the economy to grow at the blistering clip of 2.5% this year. Every day is a different point of view from a different Fed head. I’ve never seen so much obfuscation out of the Fed.