Evans Sees Scope for Patience Before Fed Raises Rates Again
- Jobs report was ‘really good’ but wage growth still subdued
- Chicago Fed chief sees merit in waiting for firmer price data
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The Federal Reserve may be well-served by postponing additional interest-rate increases until inflation data show a stronger pickup in price pressures, Chicago Fed President Charles Evans said.
“I do think that there is merit to the argument that waiting just a little bit longer” would help policy makers “to be absolutely sure that the inflation data is going to move,” Evans said Friday during a Bloomberg Television interview with Kathleen Hays. He dissented against the Fed’s rate increase in December, though he’s not a voting member of the policy-setting Federal Open Market Committee this year.