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Friday, November 06, 2015

Fed's Evans welcomes the good jobs number

  • Strong wage growth would help inflation
  • There's probably still slack in the labour market
  • Policy looks fairly accommodative right now
  • Agrees with Yellen on need to focus on rate path
  • Dec is absolutely live
  • FOMC has indicated that conditions may be ripe for a hike
  • Fed wants' to maintain accommodative stance
  • Still uncertainty that inflation can get up to 2% target
  • Auto sales are really quite high
  • Very important to keep focus on inflation target, a little overshoot won't be too concerning
  • Jobs number today supports his outlook on rates
Charles Evans was speaking on CNBC
In around 20 mins we hear from Bully Bullard

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