Economics
Evans Says Risks to Fed Inflation Outlook Still on Downside
- Chicago Fed chief says could support two more hikes this year
- Just one more hike may be appropriate if outlook worsens
Fed's Evans Says 2% Inflation Goal 'Extremely Important'
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Downside risks to inflation continue to cloud the outlook for interest rates despite an otherwise healthy U.S. economy, Federal Reserve Bank of Chicago President Charles Evans said.
“The one lingering difficulty, I would say, and it’s an important one, is that inflation pressures are still under-running our 2 percent objective in the U.S.,” Evans said Friday during a moderated discussion at an event in Dublin. “At the moment, I think the downside risks still predominate.”