Fed's Evans says US economy doing well, 'nervous' about inflation

Chicago Fed President Charles Evans said on Tuesday that the US economy is continuing to perform well, as he expressed concern about low levels of inflation.

In an interview with CNBC, Evans - a voting member of the Federal Open Market Committee - said the fundamentals of the US economy remain solid. He also said he was "a little nervous" that inflation is under-running the Federal Reserve's 2% objective.

"I frankly would be a little more aggressive than most in terms of defending our 2% symmetric inflation objective," he said.

When asked about market expectations of two interest rate cuts this year, Evans said the market was seeing "something that I haven't seen in the national data".

He said the current policy stance is appropriate. However, "if we sense that there was some greater uncertainty, some softening, we'd have to take that into account and ask, are we getting in the way of the economy?"

Evans said he doesn't see it that way at the moment.