Central Banks
Chicago Fed’s Evans Says It’s Time to Slow Pace of Rate Hikes
- Longtime dove set to retire after 15 years leading Chicago Fed
- Recession risk will rise as Fed takes rates higher, Evans says
Charles Evans
Photographer: Al Drago/BloombergThis article is for subscribers only.
Charles Evans, the outgoing president of the Federal Reserve Bank of Chicago, said it’s time for the central bank to begin slowing down its blistering pace of interest-rate increases given how high they’ve already gone, even if inflation data continue surprising to the upside in the coming months.
“I do think there’s benefits to adjusting the pace as soon as we can,” Evans said Wednesday in an interview at the Chicago Fed.