Name: Charles L. Evans
Summary: 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."
Lean: Dovish
Substantially Similar to Prior Statements: Yes
Statement Date: November 12, 2015
Publication Date: November 12, 2015
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