Fed’s Evans says U.S. economy strong, should move rates to neutral

(Reuters) – Chicago Federal Reserve Bank President Charles Evans on Friday said the U.S. central bank is “in a good place” to continue making adjustments to bring short-term interest rates back up to a neutral setting.

With unemployment at 3.7 percent, the U.S. economy projected to grow 3.5 percent this year and a still above-trend 2.5 percent next year, and downside risks to inflation “not very great,” Evans said at the Fixed Income Forum Roundtable in Chicago, it “makes a lot of sense to at least get back to neutral and then see how we are doing.”

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