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Fed’s Evans Says Good Possibility of 50 Basis Point Rate Rise in May
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Federal Reserve Bank of Chicago President Charles Evans said Monday an aggressive interest rate increase is a possibility at the U.S. central bank’s policy gathering in early May.
A 50 basis point rate rise at the May 3 and 4 Federal Open Market Committee meeting “is obviously worthy of consideration, perhaps it’s highly likely,” he said, as the Federal Reserve lifts its still very low federal-funds rate toward a neutral setting of between 2.25% and 2.50% by the end of the year.
Read more on wsj.comAbout this in other media
Chicago Fed President Charles Evans to Retire in Early 2023 wsj.com /2 years ago
Fed’s Powell Could Seal Expectations of Half-Point Rate Rise in May wsj.com /2 years ago
Fed's Daly says the economy can handle rate hikes, but a mild recession is possible cnbc.com /2 years ago
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