Evans spoke Friday to CNBC's Steve Liesman at the American Economic Association's meeting in San Diego. His comments come a few weeks after the Fed voted to hold its benchmark rate steady in a range of 1.5%-1.75%.
Chicago Fed President Charles Evans said Friday that interest rates should stay where they are as long as inflation remains subdued.
"We really need to keep our eye on inflation," the central bank official said. "And unless it starts to go up to something that is consistent with our 2% symmetric inflation objective, I think we are pretty well set for policy." In all, the policymaking Federal Open Market Committee reduced the overnight funds rate three times in 2019, in a pattern that officials deemed a mid-cycle adjustment and insurance against potential economic weakness both domestically and abroad.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Fed meeting notes, manufacturing data and GM sales: 3 things to watch for FridayHere's what you need to know about Friday before you hit the door.
Leer más »
Chris Evans and Dakota Fanning to Present at 2020 Golden GlobesThe 77th annual Golden Globe Awards will air live from the Beverly Hilton on Sunday, January 5 at 8 p.m. ET / 5 p.m. PT on NBC.
Leer más »
Ben Evans In The Eyes and Words of Rowan Blanchard | V MagazineBenEvans in the eyes and words of RowanBlanchard | The two friends talk about the past, present, and future of the artist's personal and professional life | V:
Leer más »
The Fed Has Quietly Started QE4I am a financial writer, publisher, and New York Times bestselling-author. Each week, nearly a million readers around the world receive my Thoughts From the Frontline free investment newsletter. \n\nMy most recent book is Code Red: How to Protect Your Savings from the Coming Crisis. I appear regularly on CNBC and Bloomberg TV. I’m also Chairman of Mauldin Economics, a research group that provides monthly analysis and recommendations to thousands of readers around the world.\n\nI was previously CEO of the American Bureau of Economic Research. Today I am President of the investment advisory firm Millennium Wave Advisors, LLC. I am also president and registered principal of Millennium Wave Securities, LLC a FINRA and SIPC registered broker dealer.\n\nWhen I’m not traveling to speak at conferences and events, I live in Dallas, TX. I’m also the proud father of seven children.
Leer más »
What to watch today: Stock futures plunge, Strike kills Iranian commander, Fed minutes releasedWall Street is set to give back a good chunk of Thursday's strong rally, with U.S. stock futures plunging after a U.S. military strike killed a top Iranian general.
Leer más »
Fed Minutes to Shed Light on Interest Rate ConsensusThe Federal Reserve releases the minutes of its Dec. 10-11 meeting Friday, shedding light on the degree to which central bank officials are rethinking their approach to raising or lowering interest rates.
Leer más »