Fed's Evans speaks on community banking in St. Louis
- Evans says risk of overshooting or hitting Fed's inflation target is lower than many analysts believe
- Low interest rates to last "for some time"
- Monetary policy is not as loose as it seems, neutral rate is lower
- Rate environment is global, largely driven by economic fundamentals and it's likely to persist
- Workforce aging and chronically weak investment are two long-lasting dynamics
- Financial firms have to adapt to "New Normal"
The short version: Welcome to Japan.
