LONDON (Reuters) - Chicago Federal Reserve President Charles Evans said on Friday that the U.S. central bank might increase interest rates in June, July or September.
"I don't think that the timing for a rate hike is important so much. If we were to move in June, that could work, July could work, September could work," Evans told Bloomberg Television in an interview.
"I think that with my outlook, two hikes in 2016 could be appropriate," he said.
Earlier, Evans called into question the likelihood of a Fed rate hike this summer, saying in a speech in London that he saw a "reasonable case" for delaying higher borrowing costs until core inflation reaches the Fed's goal of 2 percent.
(Reporting by Ana Nicolaci da Costa; writing by William Schomberg)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app