The Chicago Fed president said that he expects the central bank’s benchmark federal-funds rate will need to rise to slightly more than 4.5% by early next year
Inflation pressures are increasingly broad-based and require tighter monetary policy, said Chicago Fed President Charles Evans
A series of interest-rate rises have rippled through the U.S. economy, and more are projected to be on the way. WSJ breaks down the numbers hitting Americans’ wallets this year and beyond. Photo: Elise Amendola/Associated PressThe Federal Reserve will need to hold interest rates high enough to slow the economy after itand into early next year, a central bank official said Monday.
Federal Reserve Bank of Chicago President Charles Evans said in remarks at an economics conference Monday that he expects the central bank’s benchmark federal-funds rate will need to rise to slightly more than 4.5% by early next year and then remain at that level for some time.
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