Fed's Evans says need patience to allow inflation to rise

  • 3/25/2021
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(Reuters) - Chicago Federal Reserve President Charles Evans on Thursday said he is nervous about too-low inflation. A burst of inflation for six months “is not nearly enough... patience is something we are going to have to grapple with, probably,” Evans told reporters on a call. “We should be comfortable with a sustainable 2.5% inflation rate for a year; I don’t really get nervous until it starts creeping up to 3%, and even then, I’d like to know how that’s how that’s being achieved.”

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