Fed’s Evans Sees Early 2016 as Timeframe for Rate Increase
LAKE FOREST, Ill.—Federal Reserve Bank of Chicago President Charles Evans said Wednesday the Federal Reserve should hold off until early 2016 to raise interest rates, saying that acting before inflation comes more into line with the central bank’s target could hurt its credibility.
The central banker, whose remarks came to reporters after a speech here, said he is going into this month’s meeting of the rate-setting Federal Open Market Committee, where he holds a vote this year, with an open mind. But he added that current data isn’t showing the uplift in inflation needed to convince him a rate increase this Read More
Source:: wsj