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- Fed's Evans: We need to move rates up close to neutral, maybe a 50bps hike helps, I'm open minded
Fed's Evans: We need to move rates up close to neutral, maybe a 50bps hike helps, I'm open minded
Chicago Fed President and FOMC member Charles Evans on Thursday said that the Fed needs to move interest rates back up to neutral and that his own view is that, given the pressures he sees, would be comfortable with 25bps hikes, reported Reuters. By next March, Evans continued, rates would be back to neutral at that pace, he continued, adding that we want to be careful. However, Evans signalled an openness to a 50bps rate hike, saying maybe it helps and he would be open minded.
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