Advertisement
Advertisement

Fed’s Evans: we need to be adjusting monetary policy

By:
Reuters
Published: Jan 13, 2022, 18:42 GMT+00:00

(Reuters) - Chicago Federal Reserve Bank President Charles Evans on Thursday said monetary policy as it stands is "not well-positioned" for high inflation and that interest rates need to rise this year.

Chicago Federal Reserve Bank President Charles Evans looks on during the Global Interdependence Center Members Delegation Event in Mexico City, Mexico

(Reuters) – Chicago Federal Reserve Bank President Charles Evans on Thursday said monetary policy as it stands is “not well-positioned” for high inflation and that interest rates need to rise this year.

“We need to be adjusting monetary policy to something close to neutral,” Evans said at an event hosted by the Milwaukee Business Journal, adding that Fed policymakers “strongly” believe rates will need to rise two, three, or four times this year.

(Reporting by Ann Saphir; Editing by Chris Reese)

About the Author

Reuterscontributor

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products:

Advertisement