Fed's Evans: Sees 2016 US growth of 2.0-2.5%

• I think the fundamentals are really quite good
• Sees US unemployment at 4.75% by end of the year
• Trend growth rates in US economy lower than 10 years ago
• Lower energy prices are good for consumers
• International sector has been a drag on US growth

Evans is singing from the choir book today rather than his usual dovish slant. The market is noticing but it might only be a matter of time until he lets something slip on inflation staying low forever.
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• 2016 economic and financial risks somewhat higher than hoped
• 'Wait and see' approach is appropriate
• Projected Fed hike path is 'a pretty good setting'

"I used to be sort of on the lower side of those dots. I now think the median is a pretty good setting"
It sounds more and more like Evans is no longer the major dove at the Fed.
Onto the Q&A:

• Strong dollar is keeping US inflation down
• Raising interest rates won't necessarily boost yield curve
• We need interest rates to go up because the economy is stronger
• It's clear Chinese growth decelerating