Fed Evans key comments: supports gradual hikes

Charles Evans, president of the Federal Reserve Bank of Chicago was speaking in NY:

Key Quotes:

• If wages growing more would think econ more.
• Fed Evans q&a: real economy doing 'quite well'.
• Support 'very gradual' hikes, balance sheet reduction.
• See downside risks t the inflation outlook.
• Inflation view less sanguine than fomc median. 
• More accommodative policies reduce risk of near-0 rates .
• Must assure public 2% inflation target not a ceiling .
• Slow removal of accommodation needed to hit infllation target.
• 2, 3 or 4 rate hikes this yr 'small difference'.