The Traderszone Network

Published in TZ Latest News 7 January, 2016 by The TZ Newswire Staff

Fed’s Evans favors slower interest rate path in 2016

Chicago Federal Reserve President Charles Evans said on Thursday his view of the U.S. interest rate path in 2016 was consistent with two hikes, and cautioned that monetary policy must take into account the potential for lower economic growth in the long term. “I think appropriate policy is consistent with some of the most accommodative dots on the chart,” Evans said, referring to the range of economic projections Fed policymakers have given for the Fed’s benchmark interest rate by the end of 2016.

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