LAKE FOREST, Ill.–Federal Reserve Bank of Chicago President Charles Evans said Wednesday that low inflation remains a bit of a puzzle as the economy shows momentum.
Mr. Evans, whose remarks came during a question-and-answer session here, described the economy as doing better and showing momentum. But he said that isn’t enough to merit a rate increase until 2016 because of low inflation, which has fallen short of the central bank’s 2% price target for nearly three years.
The central banker said low inflation isn’t just an issue here, but one that is being seen around the world. He added that U.S. inflation Read More

Source:: wsj