Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
Chicago President Charles Evans on Monday brought forward his preference for a Federal Reserve rate liftoff to 2023 from 2024, calling for a gradual tightening from there as inflation looks set to hold around 2%.
"The economy will be on a stronger footing and hopefully we'll be looking at an environment where we can be looking to remove" some rate stimulus, he told reporters, adding the key is making sure the public buys into the Fed's longer-term inflation goals. "In that eventuality, raising rates in late 2023 is appropriate. And it's a very gradual increase."
Tapering asset purchases can likely go ahead as long as coming job reports "continue to be in line with good momentum" to establishing a "vibrant labor market" next year, Evans said. Officials never intended to keep up QE until maximum employment was reached, he said.