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- Federal Reserve Bank of Chicago President Charles Evans said Tuesday he supports the central bank pressing forward with short-term rate rises - DJ
Federal Reserve Bank of Chicago President Charles Evans said Tuesday he supports the central bank pressing forward with short-term rate rises - DJ
With the economy doing well and likely to turn in a growth performance above 3% this year, "it's time to get back toward something that's more normal" on the interest-rate front, he said. He added that in terms of achieving the Fed's inflation target, "we've gotten inflation back up to 2%. That's really something to be happy about because we spent a lot of time below 2%."
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