Fed’s Evans Wants to Hold Off on Rate Rises Until Midyear

Chicago Fed president urges wait-and-see approach to evaluate inflation risk

Federal Reserve Bank of Chicago President Charles Evans said Wednesday he would prefer the central bank to hold off on its next rate rise until the summer while taking stock of what happens with inflation.

“I don’t really see inflation taking off, and so I don’t think the cost of waiting” on rate rises is very big right now, Mr. Evans told reporters after a speech in Lake Forest, Ill.

“Midyear...

0 Comment

NO COMMENTS

LEAVE A REPLY

Captcha image