Fed’s Evans: "Why hurry to raise rates?" – NY Times

Dhwani Mehta FXStreet

According to an article reported in the New York Times overnight, Chicago Fed president Charles Evans (voting member) seems in no hurry to raise rates in December.

Key Quotes:

"What if we just decided to wait until middle of the year and if we saw inflation pickup, then we could do something.

I've been looking at the data and the data have not been strongly indicating that we should continue with a rate increase in December.

May be it's time to stop and see whether inflation expectations are going to move in line with our 2% objective.

If the judgment was that were still likely to be under running our 2% objective, maybe we should stop briefly and assess for more information; wait until mid-2018.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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