Fed’s Evans: FOMC should raise interest rates to neutral and ‘likely a bit beyond’

Charles Evans, president of the Federal Reserve Bank of Chicago, recently crossed the wires saying that the FOMC  should raise interest rates to neutral and ‘likely a bit beyond.’

Key quotes (via Reuters)

• Higher inflation than expected would necessitate more tightening.
• Downside risks of trade uncertainty or a stalling of inflation expectations would require shallower policy path.