Fed’s Evans harbours ‘serious concerns’ over inflation
Chicago Fed president favours delaying rate hike until 2016
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
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com