The case for four interest rate hikes is not yet solid - Fed's Evans

Eren Sengezer FXStreet

Speaking at an event in Madrid, Chicago Federal Reserve Bank President Charles Evans argued that the case for four interest rate hikes in the United States this year is not yet solid and would require a stronger lift in inflation, as reported by Reuters.

Key quotes

I see three rate hikes in 2017 as "plausible"
Two or four increases are also a possibility
Asked whether there was a strong case for a fourth rate hike: "I don't see the data, I don't have the confidence,"
When we do get to point when we want to reduce size of fed's balance sheet, should convey sense it will run off in controlled, disciplined manner
Failure of the healthcare bill adds to uncertainties for the U.S.

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.

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