Fed's Evans speaks to reporters: Low inflation, expectations show policy to restrictive

Author: Greg Michalowski | Category: Central Banks

Chicago Fed Pres. Charles Evans speaks to reporters

He adds:
  • December hike was right move given what we knew at the time
  • Low inflation, expectations show policy too restrictive
  • Discussing rate cuts is important, timing isn't critical
  • Am recognizing greater risk from a slower global growth
  • Sees 50 basis point reduction appropriate by years end

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