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Chicago Fed Chief Evans Prefers to Wait on Fed Rate Rise

Chicago Fed Chief Evans Prefers to Wait on Fed Rate Rise

September 29th, 2014      Guest post by Jay Hawk at Orbex.

Chicago Federal Reserve Bank President Charles Evans said today in an interview that he believes the Fed should keep its interest rates stable at their currently exceptionally low levels for “quite some time” and at least until June of next year.

Evans also indicated he wants to see signs that the U.S. economy has enough positive momentum to thrive without further central bank stimulus before starting to bump benchmark rates higher as the start of a widely anticipated Fed tightening cycle.

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