Fed's Evens: US economy firing on all cylinders

Fed's Evens is crossing the wires and has said that the US economy is firing on all cylinders.

Key notes:

• Fed can raise rates gradually without risk of inflation surge, Evans says
• Fed funds rate does not need to rise much above neutral setting
• Interest rates expected to rise gradually over next couple of years
• Evans says U.S. Economy firing on all cylinders
• Job market 'solid,' consumer spending fundamentals 'quite strong'
• Capital spending has 'forward momentum,' fiscal policy strongly expansionary
• Global growth picking up, sees trade uncertainty
• U.S. Inflation somewhat below target, expected to improve
• Sees little risk of accelerating, markedly higher inflation

About Charles L. Evans

Charles L. Evans is the ninth president and chief executive officer of the Federal Reserve Bank of Chicago. In that capacity, he serves on the Federal Open Market Committee (FOMC), the Federal Reserve System's monetary policy-making body.