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MNI: Fed's Evans Says Too Soon To Think Much Past Neutral Rate

(MNI)

The Federal Reserve is on track to lift interest rates towards a neutral range of 2.25%-2.5% by the end of this year, and how much policymakers go beyond that will be clearer in December with more inflation evidence in hand, Chicago President Charles Evans said Tuesday.

“We're moving to adjust that to at least toward neutral and then we'll see," he told the Economic Club of New York. If inflation isn’t coming down by then “we’re going beyond neutral, absolutely.” Evans also said economic momentum should continue even as borrowing costs rise.

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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