The Traderszone Network

Published in TZ Latest News 8 October, 2014 by The TZ Newswire Staff

Fed’s Evans, citing low inflation, urges patience on rates

Chicago Federal Reserve Bank President Charles Evans on Wednesday again urged the U.S. With longer-term inflation expectations falling near post-crisis lows, Evans said he was “concerned about the possibility that inflation will not return to our 2 percent target within a reasonable period of time.” The Fed has kept interest rates near zero since December 2008 and has bought trillions of dollars of long-term securities to push borrowing costs still lower.