Friday, September 27, 2013

Reuters: US Dollar Report: Fed can accommodate if inflation "reasonably within" target - Evans

Reuters: US Dollar Report
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Fed can accommodate if inflation "reasonably within" target - Evans
Sep 27th 2013, 10:35

OSLO, Sept 27 | Fri Sep 27, 2013 6:35am EDT

OSLO, Sept 27 (Reuters) - The U.S. Federal Reserve can maintain an accommodating monetary policy as long as inflation stays "reasonably within" its inflation objective, Charles Evans, president of the Chicago Federal Reserve Bank said in Oslo on Friday.

The Fed targets inflation at no more than a half a percentage point above its 2 percent goal but Evans earlier said inflation below 3 percent was acceptable.

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