Economics
Fed’s Evans Calls for Patience to Avoid Premature Tightening
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Federal Reserve Bank of Chicago President Charles Evans said he favored patience as the central bank ponders when to raise interest rates for the first time since 2006.
“The biggest risk we face today is prematurely engineering restrictive monetary conditions,” Evans said in remarks prepared for a Washington conference on labor-market slack. “I am very uncomfortable with calls to raise our policy rate sooner than later.”