6/20, 5:40 AM (Source:
more TeleTrader news

Fed's Evans: possibly no more rate hikes this year


President of the Chicago Federal Reserve Charles Evans said the Fed could be done raising interest rates this year.

In a speech to economists at New York University, Evans said he supports the current policy of "very gradual" interest-rate hikes and a slow reduction of the balance sheet. Whether that means "two, versus three, versus four" rate hikes this year is trivial, Evans said. He stressed the importance of assuring the public that monetary policy is not overly conservative.

Given the recent softening in inflation data, "I don't see why we would not be served to allow more time to wait," Evans told reporters after his speech before the Money Marketeers of New York University.

TeleTrader Newsroom / RV