Braking Down The Noise

Fed’s Charles Evans Says Rates Will Need to Remain at Higher Levels

Inflation pressures are increasingly broad-based and require tighter monetary policy, says Chicago Fed president


The Federal Reserve will need to hold interest rates high enough to slow the economy after it lifts them through the end of this year and into early next year, a central bank official said Monday.

But Chicago Fed President Charles Evans said that after raising rates to around slightly more than 4.5% by next March, it would be appropriate for the central bank to pause rate rises to see the effects of those increases.


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