- Analytics
- News and Tools
- Market News
- Fed's Evans: Three rate hikes a good “opening bid” for 2022, could be four if inflation doesn't abate
Fed's Evans: Three rate hikes a good “opening bid” for 2022, could be four if inflation doesn't abate
Chicago Federal Reserve President Charles Evans said on Thursday that three rate hikes in 2022 would be a good "opening bid", though it could be four if inflation doesn't improve fast enough. Evans added that he is reluctant to declare that the US has reached full employment, but that inflation is "much too high" and controlling price pressures is now the best way of assuring the economic recovery.
Evans went on to remark that the Fed's balance sheet is "very large" and the bank will likely start shrinking it "sooner than later" following rate increases. Evans said that he sees inflation dropping back under 2.5% by the end of 2022, with most of that adjustment a result of real not monetary factors. Officials should think seriously about raising interest rates at the Fed's March meeting, he added, adding that the Fed is still grappling with how fast policy should reach the neutral rate of interest.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
