US policymakers should consider delaying further rate rises to avoid entrenching lower inflation expectations, the Federal Reserve Bank of Chicago’s Charles Evans said on February 7.
The Fed president noted the common argument that transitory price changes affected inflation over the past year, but said he feared “more persistent” factors could be at play. “In particular, I am concerned that the public’s inflation expectations may have drifted down below the [Federal Open Market Committee’s] sy
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