My view of the appropriate path for monetary policy is in line with the median – Charles Evans

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Chicago Fed President and FOMC member Charles Evans said on Thursday that his view on the appropriate path for Fed monetary policy is in line with the Fed’s median view (ie six hikes of more than 25 basis points in 2022 and another four in 2023)as reported by Reuters.

Additional comments

“Monetary policy should move to a ‘timely’ removal of easing.”

“The Fed’s recent rate hike was the first of many this year.”

The US economy has solid momentum and the labor market is ‘frankly adjusted'”.

Ukraine crisis and pandemic pose upside risk to inflation and a downside risk to growth.

“The Fed must be cautious, humble and agile and monetary policy should not be on a preset course“.

Source: Fx Street

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