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Chicago Fed President Charles Evans is now crossing the wires, delivering the key quotes, via Reuters, found below.

  • At the moment the U.S. economy is doing quite well on employment, inflation.
  • It’s unusual for the president to comment on monetary policy, but asking why rates need to rise is a fair question.
  • National economy is doing ‘extremely well’.
  • Sees U.S. economy growing 3.2 pct this year, to slow next year to 2.5 pct.
  • Expects unemployment rate to bottom out at 3.5 pct, then to rise slowly to about 4.5 pct