Not a 'catastrophe' if U.S. inflation rises over 2 percent: Fed's Evans
Chicago Fed President Charles Evans, in an interview with Bloomberg TV on Thursday, said it would not be a "catastrophe" to overshoot inflation by some amount.
"Even a 2.4 percent inflation rate, if it's reasonably well controlled and the rest of the economy is doing OK and policy is being adjusted to keep that under the 2.4 percent range, I think that could work out," Evans said.
The policymaker added he expects 1.5 to 1.75 percent inflation over the next couple of years, and said the U.S. labor market is doing "a lot better" recently.
(Reporting by Jonathan Spicer; Editing by James Dalgleish)