Fed’s Evans repeats call for ‘shallow’ U.S. rate hikes
April 5, 2016 8:29 am
Chicago Federal Reserve President Charles Evans repeated his call for just two U.S. interest rate hikes this year, saying the risks to his forecast for economic growth are weighted to the downside.
“A very shallow funds rate path, such as the one envisioned by the median FOMC participant, is appropriate,” Evans said.
The FOMC, or Federal Open Market Committee, is the Fed’s policy-setting body; in March the FOMC’s median forecast called for two rate hikes this year.
The material has been provided by InstaForex Company – www.instaforex.com
Chicago Federal Reserve President Charles Evans repeated his call for just two U.S. interest rate hikes this year, saying the risks to his forecast for economic growth are weighted to the downside.
“A very shallow funds rate path, such as the one envisioned by the median FOMC participant, is appropriate,” Evans said.
The FOMC, or Federal Open Market Committee, is the Fed’s policy-setting body; in March the FOMC’s median forecast called for two rate hikes this year.
The material has been provided by InstaForex Company – www.instaforex.com
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