Chicago Fed President Charles Evans said today that Fed will monitor the slowdown in China and Europe to determine any policy actions. And, “it depends a lot on how large the slowdown would be in China, and how big the headwinds would be from European deceleration as well”.
Evans also referred to what happened in the past few years on monetary policy. “We were about ready to start raising rates then additional uncertainty pushed us off until December 2015,” he said. “And then the uncertainty of 2016 made us wait again until end of 2016.”
In the same event in Hong Kong, Boston Fed President Eric Rosengren said policymakers are “really focused on domestic economic conditions generally in the United States,” but “to the extent that it does affect the United States, we fully take that into account.”
