Economics
Fed’s Evans Says ‘Open’ to Half-Point Interest-Rate Hike
- Chicago Fed chief’s rate forecasts ‘in line with’ median
- Evans notes median call is seven quarter-point hikes in 2022
This article is for subscribers only.
Federal Reserve Bank of Chicago President Charles Evans said he’s “comfortable” with raising interest rates by quarter percentage-point increments, while being “open” to a bigger 50 basis-point move if needed.
“We want to be careful, we want to be humble and nimble, and get to neutral before too long -- maybe 50 helps, I’m open to that,” Evans said in answering a question after a Thursday speech to the Detroit Regional Chamber. “I would be comfortable with each meeting increasing by a quarter point.”