“It would be extraordinary if inflation got up to 3%, and if it did, it would not be a real problem,” Chicago Federal Reserve Bank President Charles Evans said on Wednesday, as reported by Reuters. Additional takeaways “Looking for a strong rebound in the US economy this year.” “Still quite a gap in employment.” “Optimistic about the recovery.” “Expecting unemployment to be closer to 5% by the end of the year.” “Would need to see inflation exceed 2% in order to even think about starting to get nervous.” “If the stimulus is enacted as proposed, would not expect to need to change the asset purchase program.” “Never want to lose credibility on inflation objective.” “2.5% inflation doesn’t worry me; 3% on its way to 4% could be a problem.” Market reaction The US Dollar Index showed no immediate reaction to these comments and was last seen posting small daily gains at 90.88. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Curve DAO price needs to reclaim one last level before $3 again FX Street 1 year "It would be extraordinary if inflation got up to 3%, and if it did, it would not be a real problem," Chicago Federal Reserve Bank President Charles Evans said on Wednesday, as reported by Reuters. Additional takeaways "Looking for a strong rebound in the US economy this year." "Still quite a gap in employment." "Optimistic about the recovery." "Expecting unemployment to be closer to 5% by the end of the year." "Would need to see inflation exceed 2% in order to even think about starting to get nervous." "If the stimulus is enacted as proposed, would not expect to need… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
