Fed's Evans: Tax cuts to add 0.5% to GDP growth this year

Additional headlines from Chicago Fed President Charles Evans are crossing the wires.

Key quotes (via Reuters)

Some steepening of yield curve to be expected with strong economy.

Pausing on rate hikes until midyear a modest proposal.

I see tax cuts adding 0.5 pct point to GDP growth this year, total of 0.8 pct over two years.

I see little long-run economic boost from tax cuts, expect 1.75 pct long-run growth.

Have not seen report on China's treasury-buying plans, no strong opinion.