Fed's Evans: Recent increases in home prices not reason for concern
The recent increases in home prices are not a reason for concern, Chicago Federal Reserve Bank President Charles Evans said on Monday and noted that the previous housing crisis was fueled by leverage, as reported by Reuters.
Evans further added that he was worried a lot about cyber attacks and noted that he will not be calling his employees back to the office before Labor Day.
Market reaction
These comments don't seem to be having a noticeable impact on the greenback's performance against its rivals. As of writing, the US Dollar Index was unchanged on the day at 90.21.
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
