24 Oct 2016
Fed's Evans: Three U.S. rate hikes appropriate between now and the end of 2017
More headlines from Chicago Fed's President Charles Evans are hitting the wires, as he said that three rate hikes in the United States are appropriate between now and the end of 2017.
Key quotes (via Reuters):
- Forecast for three rate hikes by 2017 depends on inflation improving, further growth
- Says still sees slack in labor market, sees natural rate of unemployment at 4.5 pct
- There's room for economy to grow before inflation picks up
- Difference between rate hike in November, December or January is just one of 'calendar year'