Statement

Name: Charles L. Evans

Summary: 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."

Lean: Dovish

Substantially Similar to Prior Statements: Yes

Statement Date: December 1, 2015

Publication Date: December 1, 2015

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