Evans Pushes Fed to Explain How Data Will Guide Rate-Hike Pace
- Chicago Fed chief projects three rate hikes before end of 2017
- Fed needs to be more clear about terms of moves, he says
Do Markets Believe the Three Fed Hike Projection?
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When the Federal Reserve next raises interest rates it should be more explicit about how policy makers will respond to new information about the economy going forward, said Federal Reserve Bank of Chicago President Charles Evans.
“I think the most important part of our communications is really around not when is the next increase, but what are the terms of the subsequent increases going to be,” Evans said Monday while answering questions from reporters after a speech in Chicago.