Chicago Federal Reserve President Charles Evans: the Fed should wait until 2016 to hike its interest rate

Market news

8 May 2015

Chicago Federal Reserve President Charles Evans: the Fed should wait until 2016 to hike its interest rate

Chicago Federal Reserve President Charles Evans said on Thursday that the Fed should wait until 2016 to hike its interest rate. But he added that the Fed could raise its interest rate at every monetary policy meeting.

Evans expects that the economy will improve in the second quarter and it will grow 2.5% to 3% this year.

Evans is a voting member of the Federal Open Market Committee this year.

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