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Evans Says Rate Likely Needs To Go Above Neutral But It Makes Him Nervous

FED
  • “We’re likely to have to go beyond neutral,” Chicago Fed President Charles Evans tells reporters Tues night after speech in New York
  • Evans “very comfortable” talking about moving to neutral. “We could go beyond that, but I get nervous.”
  • Evans said that when rates hit neutral he wants to see how inflation and other trends are evolving. “When we’re in neutral, we might find out that other things are happening,” and this has been the case in the past.
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com

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