Fed’s Evans Says Two More Hikes in 2016 is the Gameplan, Timing is Unimportant

Fed’s Evans said in an interview this morning that two more rate hikes for 2016 is his forecast, but that doesn’t necessarily mean both should happen this summer.

Really?

That’s a bit disingenuous and  tone deaf, considering the fact we are in a Presidential election cycle and it’s customary for the Fed to refrain from jarring the economy ahead of it, due to preserving the facade of impartiality amongst the candidates.

“Two rate hikes in 2016, that’s my own call for that, if the data continue to be in line with my outlook, that’s a slow and gradual increase this year,” said Evans, an alternate member of the Federal Open Market Committee.
“Timing’s not really that important, you mentioned possibly two summer hikes, that would be a little bit more than I’d say is … priced in to the dots certainly and the market expectations,” Evans added.
“Timing’s not really that critical for my viewpoint, as long as by the end of this year we’re at just a little under 1 percent,” Evans added.

I guess the Fed can do one this summer and another in December, just before Xmas.

Merry fucking Xmas, in advance, jackasses. Santa Yellen has a special surprise coming for you.