Fed’s Evans: Brexit vote makes policy more difficult

The US Chicago Fed head Charles Evans is still on the wires, speaking at an event in London.

Key Quotes:

Do not think a recession as more likely than Fed colleagues

Sustainable real interest rates in US are going to be lower due to weaker productivity and labour force

Very important to get inflation up and avoid Japan-style problems

US data has been more positive since March meeting

May be able to judge outlook better after June

Brexit vote makes policy more difficult