Chicago Fed Chairman Charles Evans it said Thursday that it expects the good momentum in the US economy to continue well into 2022, according to Reuters. Furthermore, the workforce will continue to improve next year as people return to the workforce, he said, adding that he expected the unemployment rate to drop below 4.0% and perhaps even drop to 3.5%. Evans admitted that the US economy is currently experiencing some pretty substantial increases in labor costs, and that supply chain problems will last longer in 2022 than he would like. Nonetheless, Evans said he remained optimistic for 2022.
Market reaction
The dollar has seen no reaction to these Fed Evans comments, which add nothing new to the Fed policy debate / perspective.
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