The Federal Reserve’s Charles Evans entered the lion’s den of monetary orthodoxy to make his pitch: unemployment must come down, even at the cost of temporarily higher inflation.
Federal Reserve Bank of Chicago President Charles Evans said the central bank will probably raise interest rates in the second half of next year and the timing will depend on the pace of inflation.
"I do not think we should be in a hurry to increase interest rates."
- Charles Evans on Jan 07, 2015
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