Fed’s Evans Brushes Back Market Pressure for Interest-Rate Cuts

Federal Reserve Bank of Chicago President Charles Evans stopped short of endorsing the idea the U.S. central bank should cut interest rates in the face of growing pressure from financial markets.

“On its face, it suggests the market sees something that I haven’t yet seen in the national data,” Evans said Tuesday in an interview on CNBC when asked about futures pricing showing investors expect half a percentage point of rate easing this year.