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As inflation misses goal, Fed's Evans calls for gradual rate hikes

Reuters  |  NEW YORK 

NEW YORK (Reuters) - With inflation stubbornly soft despite a 16-year low in the U.S. unemployment rate, the Federal Reserve should move only slowly to raise interest rates and trim its massive bond portfolio, Chicago Fed President Charles Evans said Monday."I don't want to get hung up over small differences" between whether the Fed raises rates two, three or four times over the course of 2017, Evans said in remarks prepared for delivery to Money Marketeers of New York University. "The important feature is that the current environment supports very gradual rate hikes and slow preset ...

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First Published: Tue, June 20 2017. 03:46 IST