Gold Silver Reports – The Fed Evans Say Fundamental are Strong – Chicago Fed dove Evans said U.S. fundamentals are really very strong and he suspects the wage story is improving, though he wonders whether a little more accommodation is needed to get to the 2% inflation target by 2019.
He believes there’s room for honest discussion later this year whether it’s the right time to raise rates and advocates gradual policy increases as the Fed assesses progress towards 2% inflation. Speaking from Zurich, Evans seems to have climbed down off his dovish perch a bit, but remains cautious on achieving and maintaining the 2% inflation rate. – Neal Bhai Reports
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