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Entries with tag charles evans .

CHARLES EVANS, PRESIDENT & CEO OF CHICAGO FED

FINANCIAL POST:  Fed's Evans: can see some 'positive' developments in inflation

Noting that goods inflation – like that for cars — is showing signs of slowing, “if it does a turnaround then it’s going to be adding nicely to reductions” in the overall inflation rate, Evans said at the Economic Club of New York. “If inflation for some reason began to reaccelerate that would be a cause of great concern.” (Reporting by Ann Saphir)

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CHARLES EVANS, PRESIDENT & CEO OF CHICAGO FED

REUTERS: Fed's Evans sees year-end rates at 2.25%-2.5%, and then likely higher

Chicago Federal Reserve Bank President Charles Evans on Tuesday said the Fed could raise its policy target range to 2.25%-2.5% by year end and then take stock of the state of the economy, but if inflation remains high will likely need to hike rates further.

"Probably we are going beyond neutral -- I mean, that's my expectation," Evans said at the Economic Club of New York. Most Fed policymakers estimate neutral to be somewhere between 2.25% and 2.5%.

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CHARLES EVANS, PRESIDENT & CEO OF CHICAGO FED

MARKET WATCH: Dow jumps nearly 500 points, U.S. stocks end sharply higher as earnings season heats up
As for rising interest rates, Charles Evans, the president of the Federal Reserve Bank of Chicago, said Tuesday during a talk at the Economic Club of New York that the Fed could raise its benchmark rate by increments of 50 basis points at least a few times this years. Evans, who is not a voting member of the bank’s interest-rate setting panel this year, indicated that the fed funds rate could eventually top 3%.

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Charles Evans, President & CEO of Chicago Fed

ECNY: Luncheon & Webcast Event

Join us for a Signature Luncheon as we welcome Charles L. Evans, President & Chief Executive Officer of The Federal Reserve Bank of Chicago, on Tuesday, April 19th. President Evans will provide his views on the U.S. economy, inflation, and monetary policy.