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Market news

10 May 2021

Chicago Fed зresident Evans: We're going to have to see more employment numbers and we're going to need to see inflation to start a taper talk - CNBC

  • Says that Friday's jobs numbers were "definitely surprising"
  • Thinks that disappointing jobs number will be a "one-month thing" due to restarting economy
  • Unemployment benefits giving workers time to look more carefully about jobs, health risks
  • I think workers are looking for jobs that will be good for 5 years, not 3 months
  • Fed will have to pay attention to wages and whether that will lead to sustainable inflation over years, I don't think it will
  • There isn't enough supply for a lot of goods
  • Once all the bottlenecks are worked out, I think it will level out
  • Beyond temporary factors, inflation expectations will be very important, we'll be watching that
  • Inflation rates at 2.5% don't bother me as long as it's consistent with averaging 2% over time
  • Going to take quite some time for Fed to see enough data to shift policy
  • We're going to have to see more employment numbers and we're going to need to see inflation to start a taper talk. When data is stronger, we'll be talking about it
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