Economics
Fed Should Go Slow to Avoid Return to Zero Rates, Evans Says
- Chicago Fed chief argues U.S. economy needs ‘growth buffer’
- Expected fiscal stimulus led to ‘modest change’ in forecasts
What Are the Takeaways From Today's Fed Meeting
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Federal Reserve policy makers should be slow to raise interest rates to protect against downside risks to the U.S. economy that might force them to reverse course, said Chicago Fed President Charles Evans.
“I believe that appropriate policy calls for a slow pace of normalization in order to give the real economy an adequate growth buffer to withstand downside shocks that might otherwise drive us back down” to a zero interest rate, Evans said Friday in Olympia Fields, Illinois.