28 Sep 2016
Fed's Evans: Low interest rates to last "for some time"
St. Louis Fed's President Charles Evans crossed the wires last minutes, via Reuters, saying that risk of overshooting or hitting Fed's inflation target is lower than many analysts believe
Key headlines (via Reuters):
- Monetary policy is not as loose as it seems, neutral rate is lower
- Rate environment is global, largely driven by economic fundamentals and it's likely to persist
- Workforce aging and chronically weak investment are two long-lasting dynamics
- Financial firms have to adapt to "New Normal"