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The president of the Chicago Federal Reserve, Charles Evans, said on Monday that he would be willing to let interest rates until the fall of 2020 to contribute to sustainable inflation in the US. United States.
As a member of the central bank's decision-making group in 2019, Evans joins his Fed colleagues in voting to maintain the key overnight lending rate in March. The Federal Open Market Committee also suggested, at its meeting last month, to no longer raise interest rates this year.
Evans told CNBC in March that worries about a reverse yield curve – where short-term returns were higher than long-term returns, often seen as an indicator of a recession – were causing concern, and that there was some concern about this. a general growth crisis was enough to worry some economists.
"I think every time the economy decelerates from 3.1% to 2%, it takes a very keen goal to get started:" It's okay, it's less than that that we had but it's still pretty good, "he said at the time.
Although Mr. Evans sees economic growth of between 1.75% and 2% this year, he noted in March that the US labor market seemed strong and he was not afraid of a recession.A flawless stay
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