REUTERS-Chicago Fed
President Charles Evans on Friday said he is optimistic about U.S. economic
growth and expects inflation to return to the Fed's 2-percent goal over
the
next two or three years.
But with
weak global growth and "tremendous" uncertainty, downside risks
remain, Evans said at the annual American Economic Association meeting.
Evans, who
votes this year on the Fed's policy-setting panel, said that while he is
hopeful that non-monetary policymakers can boost growth, if they do so without
underlying structural improvements to productivity higher inflation could
result.
REUTERS
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