Sat, Mar 25, 2023 @ 11:07 GMT
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Fed Evans: We’re at a good point for sort of pausing rate hikes

Chicago Fed President Charles Evans said “I’m not worried about inflation getting out of hand” and Fed is “at a good point for sort of pausing” rate hikes. Though, he “wouldn’t be surprised if at the end of the year we have a funds rate that’s a little bit higher than where we are now.” But, “that would be associated with a better economy and inflation moving up.”

Evans also noted risk from uncertainties including slowdown in Europe and China, trade war. On government shutdown, he warned “the longer it goes on, I think it becomes a little bit more of a challenge, and the uncertainties mean that people are going to delay making certain types of investments, and that’s not good for the outlook either.”

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