CHICAGO—Chicago Federal Reserve Bank President Charles Evans on Thursday said the U.S. central bank’s policy rate is likely headed to 4.5 percent–4.75 percent by the spring of 2023 as the Fed increases borrowing costs to bring down too-high inflation. “We have further to go” on rate hikes, Evans said at an annual meeting of the…
Fed’s Evans: Rates Headed to 4.5 Percent–4.75 Percent by Spring of 2023
Fed’s Evans Sees Interest Rates Peaking at 4.50–4.75 Percent
The U.S. Federal Reserve will need to raise interest rates to a range between 4.50 percent and 4.75 percent, Chicago Fed President Charles Evans said on Tuesday, a more aggressive stance than he has previously embraced that underscores the central bank’s hardening resolve to quash excessively high inflation. Evans also said that he does not…
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