The chairman of the Federal Reserve Bank of Chicago, Charles Evans, said on Tuesday that aggressive increases in central bank interest rates were needed to bring inflation back under control.
“Inflation is clearly very high and monetary policy needs to be repositioned to address this,” Evans said in a speech in New York.
“I advocate a forward adjustment of the interest rate to the neutral range,” he said. thus in controlling inflation expectations “.
Evans also said that in terms of the pace of tightening monetary policy, he sees big moves that will mitigate into smaller ones as the year draws to a close. “I expect that by December we will have completed [τις αυξήσεις] of 50 base units and we will have realized some by 25 m.b. “he noted.
Source: Capital
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