Fed’s Evans sees price spikes ahead, but policy steady

Fed’s Evans sees price spikes ahead, but policy steady


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Economy3 hours ago (Feb 03, 2021 05:15PM ET)

© Reuters. FILE PHOTO: Chicago Federal Reserve Bank President Charles Evans pictured at an event in Mexico City
© Reuters. FILE PHOTO: Chicago Federal Reserve Bank President Charles Evans pictured at an event in Mexico City

By Ann Saphir

(Reuters) – Chicago Federal Reserve Bank President Charles Evans on Wednesday forecast a rapid economic rebound this year, but said monetary policy will need to remain super-easy to boost “too low” inflation, even as prices are expected to temporarily spike this spring.

“It will be critical for monetary policymakers to look through temporary price increases and not even think about thinking about adjusting policy until the economic criteria we have laid out have been realized,” Evans said in remarks pre

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