Correspondent, Chicago
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Oct 9, 2014
Oct 9, 2014
Oct 9, 2014
Oct 9, 2014
Oct 8, 2014
Oct 8, 2014
Oct 8, 2014
Oct 8, 2014

Fed’s Evans: don’t ‘thread the needle’ on inflation target

, Oct 8 (Reuters) – Chicago Federal Reserve
Bank President Charles Evans on Wednesday again urged the U.S.
central bank to be “exceptionally patient” on raising interest
rates, allowing inflation to rise as high as 2.5 percent if
necessary to get the economy back to health.

“I think when we try to sort of thread the needle and bring
it in just at 2 percent and not overshoot, that means there’s
some risk that we are not actually going to get there, you know,
we might not get there for quite some time,” Evans told
reporters after addressing local bankers, students and teachers
at private Lakeland College in this town of 8,000.

Oct 8, 2014

Fed’s Evans, citing low inflation, urges patience on rates

, Oct 8 (Reuters) – Chicago Federal Reserve
Bank President Charles Evans on Wednesday again urged the U.S.
central bank to be “exceptionally patient” on raising rates,
noting downside risks to both growth and inflation.

With longer-term inflation expectations falling near
post-crisis lows, Evans said he was “concerned about the
possibility that inflation will not return to our 2 percent
target within a reasonable period of time.”

Oct 7, 2014
    • About Ann

      "Coverage includes Federal Reserve regional banks, U.S. monetary policy, interest-rate futures markets, and financial exchanges and clearinghouses serving the derivatives marketplace, including CME Group."
      Joined Reuters:
      2010
      Languages:
      English, Japanese
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