Federal Reserve Chairman Charles Evans said Friday that he would continue to support the Fed raising interest rates by 25 basis points at a time until next March.
Such a move would raise the Fed’s interest rate to about 2.5%, which Evans described as a “neutral” interest rate that neither boosts nor slows growth.
Evans stressed that raising interest rates by half a point would lead the Fed to a “neutral position” faster, possibly by December. “I do not see this as a big risk,” he said.
The steady increase in interest rates by 25 bp. is the policy course set by Fed officials after the March meeting.
Source: Capital
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