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MNI BRIEF: Fed's Evans Sees Neutral Rate As Soon as Year-End

(MNI)

Chicago Federal Reserve President Charles Evans said the central bank could tighten to a neutral interest rate between the end of this year and March of next year to help bring inflation down.

“Maybe you want to front load a little bit more, end of the year makes sense, that would be nine increases as I understand it,” he said on a media call Monday. While inflation may remain high this year and next, it’s not a permanent trend like the experience in the 1970s, he said.

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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