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inflation expectations not ‘out of hand’ By Reuters

by Mike Robinson

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© Reuters. FILEPHOTO: Charles Evans of Chicago Federal Reserve Bank watches the Global Interdependence Center Member Delegation event in Mexico City on February 27, 2020. REUTERS/Edgard Garrido

(Reuters) – Chicago Federal Reserve Bank President Charles Evans on Thursday said his read on a wide range of measures of inflation expectations does not suggest recent high inflation readings are getting entrenched into the long-term trajectory for U.S. prices.

Evans stated that inflation expectations are not “not getting out of control” in an internet webinar hosted by Princeton University’s Bendheim Center for Finance. Long-term inflation expectations are key. Evan stated that his concern is still whether they are high enough for the Fed to maintain its 2% target. Since 2012, we’ve been unable to meet our inflation target of 2%.

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