Chicago Fed President Charles Evans said on Friday that an interest rate hike in April was unlikely, adding that two interest rate hikes this year were still possible.
He pointed out that inflation should pick up toward 2% target before raising interest rates further.
“Inflation is the responsibility of the central bank. If we are at one percent and it is supposed to be two percent, that is us. If it is three percent, that is us,” Chicago Fed president said.
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