FINANCIAL POST:  Fed's Evans: can see some 'positive' developments in inflation

Noting that goods inflation – like that for cars — is showing signs of slowing, “if it does a turnaround then it’s going to be adding nicely to reductions” in the overall inflation rate, Evans said at the Economic Club of New York. “If inflation for some reason began to reaccelerate that would be a cause of great concern.” (Reporting by Ann Saphir)

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REUTERS: Fed's Evans sees year-end rates at 2.25%-2.5%, and then likely higher

Chicago Federal Reserve Bank President Charles Evans on Tuesday said the Fed could raise its policy target range to 2.25%-2.5% by year end and then take stock of the state of the economy, but if inflation remains high will likely need to hike rates further.

"Probably we are going beyond neutral -- I mean, that's my expectation," Evans said at the Economic Club of New York. Most Fed policymakers estimate neutral to be somewhere between 2.25% and 2.5%.

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