Fed's Evans: concerned about drop in inflation expectations

During a scheduled speech at the UBS European Conference, in London, Chicago Fed President Charles Evans expressed concerned over persistently weak inflationary pressure in the US. 

Key quotes:

   •  Concerned about drop in US inflation expectations
   •  To boost expectations, Fed should acknowledge a much greater chance of 2.5% inflation
   •  Sees solid US economic growth in 2018
   •  Harder & harder to feel comfortable that drop in US inflation is transitory
   •  Sees big risk in not getting inflation to 2% before next recession hits