Chicago Fed President Charles Evans said in an interview with CNBC on Wednesday that an interest rate hike by the Fed in April was unlikely as the confidence was needed U.S. inflation accelerating toward the Fed’s 2% target. He added that an interest rate hike in June was possible if the U.S. labour market continued to strengthen.
Evans noted that the Fed could hike its interest rate more than two times this year if the U.S. economic data would be better than expected.
Evans is not a voting member of the Federal Open Market Committee this year.
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