Fed’s Evans says FOMC could look at rate hike in June

STOCKHOLM (Reuters) – The Federal Reserve could look at a rate hike in June if the economy is strong enough, Chicago Fed President Charles Evans said in the Swedish capital on Monday.

Evans, who in his speech argued for rates to start rising in early 2016, told reporters if the FOMC had confidence that inflation was going to move up and that first quarter economic softness was temporary, “you could imagine a case being made for a rate increase in June”.

“I think we are going to go meeting-by-meeting to make that decision,” Evans, a voter this year on Fed policy and among the most dovish of U.S. central bankers, said after taking part in a panel debate.

The Fed’s policymaking Federal Open Market Committee meets next on June 16-17.

(Reporting by Simon Johnson, Daniel Dickson and Johan Sennero; Editing by Kevin Liffey)

tagreuters.com2015binary_LYNXMPEB4H0CP-BASEIMAGE

Free newsletter signup
I agree to have my personal information transfered to MailChimp ( more information )
Never miss another Bankless Times news story as we send you hand-picked articles every morning
We hate spam. Your email address will not be sold or shared with anyone else. You will only receive our daily newsletter. You can unsubscribe at any time.