Mixed messages from the Fed

7 of 8

Evans: QE2's $600 billion is appropriate

Evans is in Bernanke's camp. He's not too concerned about rising prices having a major effect on the economy, because wages are still being held back.

"As I talk to business people, this does not seem to be an environment where strong wage growth is likely... it would be very unusual for inflation to rise substantially without accompanying wage growth," he said.

Two weeks ago, Evans indicated that he thinks QE2's $600 billion amount is "appropriate," even as the economic recovery remains uneven.

NEXT: Fed Governors: Non-comittal

Last updated April 26 2011: 2:45 PM ET

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