Fed’s Evans: We’re in a good place

Having recently teased rate hike in 2022, Chicago Fed President Charles Evans said on Thursday that we are in a good place (on policy concerns).

Additional comments

No rate hike before taper ends in June, and no change to taper timeline.

Still expect no rate increase until 2023, but may be 'flat out wrong'.

Not obvious to me that 2022 rate increase is necessary or called for, but it could be the case it's appropriate.

Market reaction

Given the mixed comments from the Fed policymaker, also contrasting the recent words, there is a little market reaction to the updates. Even so, back-up to the current policy and softer yields help S&P 500 and Nasdaq to close at an all-time high.

Read: Fed's Evans: Rate hikes could begin next year