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Fed's Evans sees 'quite some time' before first rate hike
" Evans said in an interview on CNBC. While a rate hike next June is a "certainly a possibility," Evans said he thinks a little longer than the summer would be appropriate."
This is another piece of the puzzle for me and that inflation will not be an issue for awhile - years?
Wages aren't rising, yet food and energy prices are high. This is the opposite of the wealth effect (people spend because that feel good). People are fearful and are sucking up price increases - either from savings or debt.
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Also: "The Chicago Fed president said he saw no evidence of asset bubbles in the economy."
Where have we heard that before?
Disappointing interview overall. Comparing Fed policy making to "shooting hoops" ... Really?
http://blogs.marketwatch.com/capitolreport/2014/09/29/still-no-wage-growth-as-skilled-worker-shortage-complaints-rise/
This is another piece of the puzzle for me and that inflation will not be an issue for awhile - years?
Wages aren't rising, yet food and energy prices are high. This is the opposite of the wealth effect (people spend because that feel good). People are fearful and are sucking up price increases - either from savings or debt.