Charles Evans, Interview: Peterson Institute, Macro Week 2022

“So we’re not far from neutral. We’re probably not at neutral at that point. And now more recently more of my colleagues have said, and I’ve said I’m open to doing 50 basis point increases in order to front load this a little bit. I like to talk in terms of quarter point increments because it lines up with the dot chart. I think that would take us to nine quarter point rate increases this year if we did 50 at this meeting, 50 at the next meeting, and then thought that we were front loaded and we could do 25 the rest of the year. That would take us to two and a quarter to two and a half and that would be arguably neutral. Some people will actually find that that rate is actually a little above, right at neutral and others would say, you probably got to go a little bit more.”