Chicago Federal Reserve Bank President Charles Evans said on Monday that it is a...
HONG KONG - Chicago Federal Reserve Bank President Charles Evans said on Monday that it is a good time for the U.S. central bank to pause and adopt a cautious stance, adding he did not expect any interest rate hikes until the second half of next year.
The comments, made at the Credit Suisse Asian Investment Conference in Hong Kong, were among the first by policymakers following the Fed’s decision last Wednesday to signal an end to its tightening after it abandoned plans for further rate hikes in 2019. In January, he said the Fed could hike interest rates three times in 2019 assuming the U.S. economy remains reasonably strong.
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