(Reuters) – Chicago Federal Reserve Bank President Charles Evans said on Thursday that next week’s inflation report could “provide “information” on how much the Fed should raise interest rates next week, a concern he was concerned about. Yes, widespread inflationary pressures remain.
“If I see inflation maybe cooling a little bit, but that doesn’t change the fact that I still think we need to peak 3.5% to 4%, It’s just that maybe we don’t have to do it that fast,” Evans told reporters after a public speech at the DuPage Institute, adding that he was open to a half-point rate hike or any other 75 – basis point rate hike.
On the other hand, he said, “I don’t think I’m getting a stomach ache for accelerating this by the end of the year. This year or January.”