Joined the Federal Reserve: September 1, 2007
Date of Birth: January 15, 1958
| Summary | Lean | Statement Date | Publication Date |
|---|---|---|---|
| 1 Connecting the Dots on Monetary Policy: "Overall, I think appropriate policy is consistent with some of the most accommodative dots on the chart. One reason I arrive at this conclusion is because I am less optimistic about the inflation outlook than most of my colleagues. Given the persistently-low- inflation record of the past six years and given how slowly inflation evolves when it is at such low levels, it may be difficult to return inflation to target over the next two or three years. So I’m in favor of very gradual policy normalization to help ensure that we meet our inflation goal within a reasonable amount of time." Similar to Prior Statement | Dovish | January 13, 2016 | January 13, 2016 |
| 2 Connecting the Dots on Monetary Policy: "Overall, I think appropriate policy is consistent with some of the most accommodative dots on the chart. One reason I arrive at this conclusion is because I am less optimistic about the inflation outlook than most of my colleagues. Given the persistently-low- inflation record of the past six years and given how slowly inflation evolves when it is at such low levels, it may be difficult to return inflation to target over the next two or three years. So I’m in favor of very gradual policy normalization to help ensure that we meet our inflation goal within a reasonable amount of time." | Dovish | January 7, 2016 | January 7, 2016 |
| 3 The Case for a Slow Return to Monetary Policy Normalization: "Should we raise rates or not? I admit to some nervousness about our upcoming decision. Before raising rates, I would prefer to have more confidence than I do today that inflation is indeed beginning to head higher. Given the current low level of core inflation, some evidence of true upward momentum in actual inflation would bolster my confidence. I am concerned, however, that it could be well into next year before the headwinds from lower energy prices and the stronger dollar dissipate enough so that we begin to see some sustained upward movement in core inflation." Similar to Prior Statement | Dovish | December 1, 2015 | December 1, 2015 |
| 4 A Cautious Approach to Monetary Policy Normalization: "More specifically, before raising rates, I would like to have more confidence than I do today that inflation is indeed beginning to head higher. Given the current low level of core inflation, some evidence of true upward momentum in actual inflation is critical to this assessment. I believe that it could be well into next year before the headwinds from lower energy prices and the stronger dollar dissipate enough so that we begin to see some sustained upward movement in core inflation. After liftoff, I think it would be appropriate to raise the target interest rate very gradually." Similar to Prior Statement | Dovish | November 12, 2015 | November 12, 2015 |
| 5 Fed's Evans: Looking forward to time when Fed can raise rates: "He also suggested the Fed needs to be careful not to raise rates if it will just have to lower them again shortly afterward, a theme he has hit time and again as he as argued against the rate hike that the Fed is currently considering. The Fed has kept rates near zero for nearly seven years since the 2007-09 financial crisis. "I think it's extraordinarily costly to contemplate a high probability that we're going to revisit the zero lower bound, after a period where we've gotten ourselves out of this, over the next 10 years," he said." | Dovish | November 10, 2015 | November 10, 2015 |
| 6 Monday's Top Stories in the United States: "While his preference would still be to delay raising short-term interest rates until the middle of next year, Chicago Federal Reserve Bank President Charles Evans suggested Friday he could go along with an initial rate hike in December if that's what a majority of Fed policymakers want, provided they make clear rates will rise only slowly and gradually. Evans, in an exclusive interview with MNI, said he is "not predisposed" to dissent against a hike in the federal funds rate from near zero at the Dec. 15-16 meeting of the Fed's rate-setting Federal Open Market Committee. A voting member of the FOMC, Evans said the committee has gotten "closer" to liftoff from the zero lower bound." | Hawkish | November 6, 2015 | November 9, 2015 |
| 7 Fed's Evans: We may be ripe for rate hike, but...: "Chicago Federal Reserve President Charles Evans said Friday the much stronger-than-expected October employment report is "very good news," but he's still not ready to say it's time for an interest-rate hike. In a CNBC interview shortly after the Labor Department released the jobs report, Evans said the data support his 2016 economic outlook of 2.5 percent growth." | Neutral | November 6, 2015 | November 6, 2015 |
| 8 Risks Call for a Gradual Approach to Normalizing Policy: "Before raising rates, I would like to have more confidence than I do today that inflation is indeed beginning to head higher. Given the current low level of core inflation, some evidence of true upward momentum in actual inflation is critical to this assessment. I believe that it could well be the middle of next year before the headwinds from lower energy prices and the stronger dollar dissipate enough so that we begin to see some sustained upward movement in core inflation. After liftoff, I think it would be appropriate to raise the target interest rate very gradually." Similar to Prior Statement | Dovish | October 12, 2015 | October 12, 2015 |
| 9 Fed's Evans sees 'wiggle room' on rate hike timing: ""I still think that the best choice is middle of 2016 until I see data that are stronger that lead me to have more confidence in inflation," he said. The Fed could probably make an earlier start to rate hikes "without probably doing much adverse effect on my outlook," he said, adding that he sees "wiggle room" on the timing." | Neutral | October 12, 2015 | October 12, 2015 |
| 10 Monetary Policy: Avoiding the Hazards: "Before raising rates, I would like to have more confidence than I do today that inflation is indeed beginning to head higher. Given the current low level of core inflation, some evidence of true upward momentum in actual inflation is critical to this assessment. I believe that it could well be the middle of next year before the headwinds from lower energy prices and the stronger dollar dissipate enough so that we begin to see some sustained upward movement in core inflation. After liftoff, I think it would be appropriate to raise the target interest rate very gradually." Similar to Prior Statement | Dovish | October 9, 2015 | October 9, 2015 |
| 11 Fed's Evans says mid-2016 rate hike would get inflation to goal: ""We think that just delaying the fed funds rate liftoff currently until about the middle of 2016 and then a gradual path would be consistent with us getting inflation back up to 2 percent within a reasonable period of time," Chicago Federal Reserve Bank President Charles Evans said after a speech to the CFA Society Milwaukee. "I would like it to move up more quickly than that, but at the moment we are thinking that that's what appropriate policy would be"." | Dovish | October 9, 2015 | October 9, 2015 |
| 12 Thoughts on Leadership and Monetary Policy: "Before raising rates, I would like to have more confidence than I do today that inflation is indeed beginning to head higher. Given the current low level of core inflation, some evidence of true upward momentum in actual inflation is critical to this assessment. I believe that it could well be the middle of next year before the headwinds from lower energy prices and the stronger dollar dissipate enough so that we begin to see some sustained upward movement in core inflation. After liftoff, I think it would be appropriate to raise the target interest rate very gradually." | Dovish | September 28, 2015 | September 28, 2015 |