Fed's Evans Says Inflation Fears Favor `Very Gradual' Rate Pace

  • History of low inflation undermining inflation expectations
  • Oil, dollar could further weaken inflation this year: Evans

Federal Reserve Bank of Chicago President Charles Evans said he’s less optimistic on inflation than his policy-making colleagues, making a case for why the U.S. central bank should take an especially cautious approach to raising interest rates in 2016.

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