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Fed's Evans says wanted to wait until midyear for rate hike

Reuters 

(Reuters) - Chicago Federal Reserve Bank President Charles Evans on Wednesday said that in late 2017 when the rest of his Fed colleagues decided to raise interest rates for a third time, he wanted to wait until mid-2018. While most of his colleagues believe that a strengthening labor market will boost inflation this year, justifying higher interest rates, Evans said he has seen that forecast for several years running and it has not panned out."I'd feel a lot more confident if I saw those transitory reductions in the inflation rate go away," he said in his first public remarks of 2018. He ...

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First Published: Wed, January 10 2018. 20:24 IST
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