Fed Evans: Inflation won’t be back to target until mid-2020s

In speech, Chicago Fed President Charles Evans said he expected the US economy to growth in the range of 5-6% this year, and then moderate in 2022 and 2023 to 2-3% range. Unemployment rate would improve to pre-pandemic level of 3.5% by the end of 2023. However, underlying inflation “won’t be back to our goal […]
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