Chicago Federal Reserve Governor Evans Says Labor Market is Downright Tight

The Chicago Federal Reserve Governor Evans, a renowned Fed dribbler in prepared notes on inflation and employment said less accommodative monetary policy will dampen very high labor demand. He believes inflation will fall substantially over the next couple of years. He said the labor market is a downright tight Inflation clearly much too high. Nothing new there. He spoke just ahead of the latest 20-year treasury auction. “I expect it will be necessary to bring rates up a good deal … Continue reading “Chicago Federal Reserve Governor Evans Says Labor Market is Downright Tight”