The Federal Reserve should not start raising interest rates until 2016, according to Charles Evans, who harbours "serious concerns" over the Fed's ability to achieve its inflation target even by 2018.
Speaking in London today, he highlighted the possibility the Federal Open Market Committee (FOMC) will raise rates this year, only to find it has misjudged the strength of the economy.
Another concern is that "some disinflationary shock" will hit the US shortly after lift-off. "In either of these c
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