Fed's Evans: Rate hike path should be very shallow

Headlines via Reuters

Says he is 'less concerned' with timing of next rate move, than with pace and criteria for subsequent hikes

There should be 'very shallow' rate hike path

Path of rate increases much more important than any particular date for next 25 basis point move

Wants any subsequent moves to be explicitly tied to seeing progress in inflation indicators

Wants more confidence inflation expectations are solidly and symmetrically aligned with 2 pct objective

Says pace of rate hikes has to be shallow enough for unemployment rate to fall beneath its natural level

Policy needs to be accommodative enough to generate likelihood future inflation will exceed 2 percent

Says expects to see 'sound' economic growth, 2 pct growth average over next 3 years

He sees unemployment rate falling to 4.25 percent by end of 2019

Unemployment will reach natural rate by end of next year

Repeats thinks US in low-growth, low-rate environment for some time

Evans is a non-voter at the Federal Open Market Committee in 2016, but he's a voter in 2017

Nonvoters attend the meetings of the Committee, participate in the discussions, and contribute to the Committee's assessment of the economy and policy options