Fed's Evans says inflation could run to 2.5% before rate hikes are needed

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Fed's Evans says inflation could run to 2.5% before rate hikes are needed
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A jump to 2.25 percent to 2.5 percent 'is not a big concern for me at the moment,' Evans said in prepared remarks for a speech in Hong Kong.

Inflation could run as high as 2.5 percent before the Federal Reserve would need to raise interest rates again, Chicago Fed President Charles Evans said Monday.

A jump to 2.25 percent to 2.5 percent"is not a big concern for me at the moment," Evans said in prepared remarks for a speech in Hong Kong."In contrast, if activity softens more than expected or if inflation and inflation expectations run too low, then policy may have to be left on hold — or perhaps even loosened — to provide the appropriate accommodation to obtain our objectives.

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