News Headline Summary

Fed's Evans says Fed's recent policy moves help stimulus growth while safeguarding price stability

Says:

- Sees US fiscal policy's impact on growth this year in line with expectations.
- US consumer is no longer in a position to be engine of world growth.
- Fed's threshold policy allows for inflation at times to run modestly above 2%.
- Fed support needed while government tackles deficit.
- Too much austerity too soon could be damaging.

Reaction details (03:24)

- No immediate reaction observed in EUR/USD, trades 1.3377 (+34 pips) last.

Analysis details (03:25)

- Of note, Fed's Evans is a non-voter this year with dovish stance.

14 Jan 2013 - 03:20 - - Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: