Fed's Evans Says He's 'Quite Comfortable' With a December Rate Hike

The transcript discusses the potential for a December rate hike, with a 72% probability indicated by economic projections. The speaker is comfortable with the expected path of rate hikes, aligning with the median of the FOMC's projections. The discussion also covers the neutral longer-run funds rate and the importance of reaching a slightly restrictive policy setting. Inflation data shows improvement, with a 2% target being achieved, and the unemployment rate is at 3.9%, suggesting a strong economic position.

What is the probability mentioned for a December rate hike?

• 90%

• 50%

• 72%

• 85%

What is the speaker's view on the neutral longer-run funds rate?

• 3%

• 2.75%

• 2.5%

• 2%

What policy setting does the speaker find consistent with a strong economy?

• 3.5%

• 2%

• 3%

• 3.25%

How does the speaker describe the recent inflation data?

• Stable

• Declining

• Slightly softening

• Rapidly increasing

What is the unemployment rate mentioned in relation to inflation objectives?

• 3.5%

• 4.1%

• 3.9%

• 3.7%