The Senate Healthcare Bill proposes to repeal key sections of Obama's Affordable Care Act including reduction of taxes on high income earners and adjustment of subsidy to poor people for private insurance. The new Bill won't change the Obamacare as drastically as the House legislation passed in May, but demands significant cuts that would likely benefit the uninsured. Speaking at New York University on Monday, Chicago Fed President Charles Evans raised concerns over prevailing levels of inflation and favored gradual monetary tightening.