Evans: Would prefer waiting until 2016 for rate hikes

|By:, SA News Editor

I’m not quite sure why we would want to raise interest rates with a 1% inflation rate, no matter what the unemployment rate is," says Chicago Fed boss Charles Evans, delivering a strong dovish message for the 2nd time in two days. The "strong accommodation" should be left in place "in order to do the job that it’s intended to do."

Acknowledging the first rate hike is probably coming in late 2015, Evans would push it into 2016 "if I had my druthers."

Previously: Fed's Evans: Where's the inflation?