Fed’s Evans Hopeful Rate Hikes Already Signaled Can Cool Prices
- Chicago Fed chief says need tight policy to confront inflation
- If inflation gets worse, Fed may have to do more, Evans says
Charles Evans
Photographer: Al Drago/BloombergThis article is for subscribers only.
Federal Reserve Bank of Chicago President Charles Evans said he’s hopeful the path for interest rates the central bank laid out last month will still be enough to bring inflation down, despite a worse-than-expected report on consumer prices last week.
“Unfortunately, at the moment, inflation is just much too high, and so we need to continue on the path that we’ve been indicating -- at least that. And I’m hopeful that that will be enough,” Evans told reporters Wednesday after speaking at an event in Charlottesville, Virginia.