Fed’s Evans says front-loaded hikes are ‘pretty much in process’

Charles Evans
Charles Evans, Federal Reserve Bank of Chicago: US’s economic progress has been “truly remarkable”

Charles Evans, president of the Federal Reserve Bank of Chicago, said on May 17 that “the front loading [of interest rate hikes] is pretty much in process”.

Evans argued that the federal funds rate should be brought to a neutral level “expeditiously” due to “much too high” inflation. He said risks to employment are modest even if the Fed takes the expeditious approach.

US consumer price inflation was 8.3% in April, a small drop from 8.5% in March. The Fed’s target measure – personal

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: