Fed’s Evans Says Rate Rise Could Wait Until December

Fed’s Evans Says Rate Rise Could Wait Until December

Federal Reserve Bank of Chicago President Charles Evans said that the US Central Bank can wait to the end of the year before deciding if they will raise rates. He suggests that interest rates can be raised at the December meeting if the economy calls for it. Evans and Dallas Fed leader, Robert Kaplan, both agree on waiting and being cautious in seeing if this adjustment will be needed. Evans states that even if the Fed holds off on the rates until the end of the year, they are still going forward with their plans to reduce their balance sheet.

 

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