Economics
Fed’s Evans Sees Rates Rising Above Neutral Level
- Half-point hikes ‘could make sense,’ Chicago Fed chief says
- Fed will know a lot more about inflation by December: Evans
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The U.S. central bank will probably raise interest rates above levels it considers neutral for the economy next year given the outlook for inflation, Federal Reserve Bank of Chicago President Charles Evans said.
“Probably we are going beyond neutral,” Evans said Tuesday during a moderated discussion at an Economic Club of New York event.