Fed’s Evans says inflation will hit 2 percent, and gradual rate hikes will be appropriate

Finance


Daniel Acker | Bloomberg | Getty Images

Charles Evans, president of the U.S. Federal Reserve Bank of Chicago.

Chicago Federal Reserve President Charles Evans one of the Fed’s most dovish policymakers, said Saturday that he is optimistic inflation will reach the Fed’s 2 percent goal and that slow, gradual rate increases will be appropriate.

The Fed next meets to set policy in June, by which time the Fed will have more inflation data in hand. If it remains on track for 2 percent, “continuing our slow gradual increases will be appropriate to get us to the point where monetary policy isn’t really providing more lift to the economy,” Evans said.



Source link

Products You May Like

Articles You May Like

Health-care costs in retirement grow to $280K
Cambridge Analytica planned to issue digital currency: Reuters, citing sources
Netflix earnings Q1 2018
Bitcoin exchange Coinbase buys Earn.com for a reported $100M
Apple stock may fall on ‘materially’ weaker iPhone sales

Leave a Reply

Your email address will not be published. Required fields are marked *