Evans Says Fed Needs Quick Path to Rate Level Where It Can Pause

According to Charles Evans, president of the Chicago Fed, the Federal Reserve must reach an interest rate level soon where decision-makers may pause without feeling uncomfortable.

This will lessen the possibility of overshooting.

"Considering how much below neutral rates were, front-loading was a positive thing. 

 Evans said on Monday in remarks that were prepared for a lecture at the National Association for Business Economics conference in Chicago.

This emphasises the need of developing a plan to reach a point when policy can rest and assess information and developments.

Since March, when the federal funds rate first increased, the Fed has been swiftly hiking rates.


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