Fed’s Evans: Wanted to postpone rate hikes until mid-2018

Chicago Fed president Charles Evans is delivering his remarks at the Lake Forest-Lake Bluff Rotary Club 2018 Economic Breakfast in Lake Forest, Illinois, with key quotes (via Reuters) found below.

Wanted to postpone rate hikes until mid-2018.

Wanted to see signs of stronger inflation.

Fed knows how to handle situation of ‘inflation higher than objective’.

Only recent tax cuts could propel economic growth.

Low risk of growth accelerating beyond forecast.