Sun, Dec 04, 2022 @ 14:46 GMT
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Fed Evans: Current interest rate not nearly restrictive enough

Chicago Fed President Charles Evans said while interest at 3-3.25% is restrictive, ” with inflation as high as it is, and getting inflation under control being job one, it’s not nearly restrictive enough.”

“The risks continue to be high about more persistent inflation, and we just really need to get inflation in check,” Evans said.

Evans added that he expects interest rate to reach top by March.

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