Skip to content
Fed’s Evans: Demand for goods has exploded as services are woefully below what they used to be


  • Inflation is too high
  • The prices of goods in very high demand and in shortage have skyrocketed
  • Expect the economy to continue to function during the pandemic
  • Said his forecast was “aligned with three rate hikes” in 2022
  • Inflation should be 2.5% at the end of the year
  • The stance of monetary policy is “on the wrong foot” given the high inflation

The overall amount of spending by U.S. consumers hasn’t changed much during the pandemic, but a lot more has been directed to goods, which is one of the main reasons goods inflation has risen so much.


cnbctv18-forexlive-benzinga

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.