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US Fed rate hikes not needed till mid-2018 as inflation is low: Prez Evans

Evans said he could still support 'three or even four' rate increases in 2018 if inflation and other data suggested that would be needed

Reuters  |  DES MOINES, Iowa 

Sluggish price increases in the United States give the Federal Reserve room to hold off on interest rate increases until at least mid-2018, Chicago Federal Reserve President Charles Evans said on Wednesday. "If we get to that point and have more confidence that inflation is moving up sustainably, then further rate increases would be warranted," Evans, who does not have a vote on rates this year but participates in the central bank's policy debates, said in a speech at a banking conference. Evans did have a vote on the Fed's policy-setting committee last year and ...

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First Published: Thu, February 08 2018. 08:00 IST
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