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- Fed's Evans: I expect a 25bps rate hike in March, more increases “in succession” than earlier thought
Fed's Evans: I expect a 25bps rate hike in March, more increases “in succession” than earlier thought
Chicago Fed President and FOMC member Charles Evans said on Wednesday that he expects a 25bps rate hike in March followed by more increases "in succession" than earlier thought, reported Reuters.
Additional Remarks:
"In December had expected 4 rate hikes in 2022; since then inflation has been more intense than expected."
"Later this year, we will have a better idea of if rates need to get just to neutral, or higher than that."
"If we hike in 25bps increments, for three meetings in a row, and find it's not fast enough, we can raise rates more quickly."
"We may not need to pause on rate hikes when we make a change in balance sheet policy."
"I prefer not to overshoot on rate hikes, or give the wrong signal. We will know more by June on the geopolitical environment."
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