Fed’s Evans: I Wouldn’t Mind Another Interest Rate Cut

www.oann.com | 10/11/2017 | Staff
just-me (Posted by) Level 3
CHICAGO (Reuters) – The U.S. Federal Reserve could cut interest rates again as it would provide a little bit more insurance for the U.S. economy against potential headwinds and boost inflation, Chicago Fed President Charles Evans said on Tuesday.

“I think another rate cut would help for generating more inflation. It would help for a little more insurance. Is it necessary and essential? I’m not sure. But I’m certainly open minded to those arguments,” Evans told reporters following an event in Chicago, in which he also said he was still optimistic about the U.S. economic outlook.

Week - Evans - Fed - Policy - Meeting

Last week Evans said he would go into the Fed’s next policy meeting on Oct. 29-30 “extremely open-minded” to making further adjustments to monetary policy in either direction.

On Wednesday, Evans added he “wouldn’t mind another cut. I could see it either way.”

Evans - Bank - Decision - Borrowing - Costs

Evans has supported the central bank’s decision to lower borrowing costs this year. The Fed cut interest rates in July and at its subsequent September...
(Excerpt) Read more at: www.oann.com
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