FXStreet (Edinburgh) – Chicago Fed President Charles Evans has stressed that regardless the timing of the Fed’s lift-off, subsequent rate hikes should follow a gradual path.
In addition, he wants to see further evidence of a pick up in consumer prices before hiking, while he now expects inflation figures to reach the 2% target in late 2018.
He has also emphasized the good health of the labour market, seeing a positive outlook for growth and hiring at the same time.
(Market News Provided by FXstreet)