Chicago Fed President Charles Evans said, it’s “probably going to be 2024 before we see interest rates start to rise,: That would come with “continuations of labor market improvement, unemployment falling to 4% and hopefully below that”
At that point, he said, “we can start to gently increase the federal funds rate, while it will still be accommodative in order to sort of achieve this overshooting and average 2% (inflation).”
