The US Federal Reserve could raise interest rates by 50 basis points at its next monetary policy meeting in September if inflation does not improve, while a 75 basis point increase is also on the table, Chicago Fed chief Charles Evans said today as reported by Reuters. “If anybody really thinks it’s not getting better […]
Tag: Evans
Evans (Fed): Aggressive interest rate hikes needed to bring inflation under control
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 […]
Evans (Fed): Sees interest rates at 2.5% by the end of the year
The chairman of the Chicago Federal Reserve did not rule out the possibility that the central bank interest rate could reach 2.5% by the end of the year as part of the central bank’s effort to curb inflation. “If we reach 2.25% to 2.5% by December, we can then see where inflation is,” said Charles […]
Evans (Fed): A 50% increase in interest rates is very likely.
An increase in the Federal Reserve interest rate by 50 basis points may now be “very likely”, said today the president of the Chicago Fed, Charles Evans, as broadcast by foreign agencies. The Fed official had said in previous statements that he was open to considering a 50 bp increase. as part of the strategy […]
Evans (Fed): Sets another six interest rate hikes this year
Chicago Federal Reserve Chairman Charles Evans said today that he expects the equivalent of six other increases in US interest rates, by 25 basis points each time until the end of the year and another three next year. These increases will drive the US Federal Reserve’s interest rate to 2.75% – 3% by the end […]
Evans (Fed): There is more uncertainty about inflation than it was a few months ago
One of the most “aggressive” executives of the Federal Reserve went on to admit that inflation has persisted for longer than he expected. “Now, I’m going to admit that it lasts longer than I expected. I expected the supply chain to be more resilient than we’ve seen,” said Chicago Fed Chairman Charles Evans. By the […]