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Tuesday, December 7, 2021

Fed’s Evans says comfortable with a December rate hike

Fed's Evans says comfortable with a December rate hike© Reuters. FILE PHOTO: Chicago Federal Reserve Bank President Evans visits the online music retailer Sweetwater in Fort Wayne

LONDON (Reuters) – Federal Reserve policymaker Charles Evans said on Wednesday he was comfortable with expectations in financial markets that the U.S. central bank will raise interest rates again in December.

“I am quite comfortable with that, yes,” he said when asked about a December rate hike in an interview with Bloomberg Television.

Evans said getting U.S. interest rates up to “a slightly restrictive setting” of 3.0 or 3.25 percent would be consistent with the strong U.S. economy and its inflation rate.

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Source: Investing.com

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