Fed’s Evans: Financial stability is important, but could be addressed by macro tools

Reuters reports more comments from Chicago Fed President, as he continues to make his scheduled speech in Sydney today.

Key Headlines:

Financial stability is important, but could be addressed by macro tools

Directional changes in inflation expectations are more important than levels

Wants to build a policy buffer, but through lifting inflation before rates

Raising rates to create a buffer for future shocks would be counter productive

Room for more spending on infrastructure in US