Chicago Fed’s Evans sees little risk of inflation surge
Study by the Chicago Fed finds little evidence there could be threshold in unemployment beyond which inflation may surge
Inflation in the US is unlikely to suddenly surge above its target, and therefore its recent weakness is the more pressing concern, Charles Evans said on September 25.
The Federal Reserve Bank of Chicago president said some economists had suggested the link between inflation and unemployment may strengthen further away from the natural rate of unemployment, and there may be a “threshold” beyond which there is a sudden leap in inflation.
Speaking to the Economic Club of Grand Rapids, Evans
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