Evans: Would prefer waiting until 2016 for rate hikes

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?

Comments (5)
  • omarbradley
    , contributor
    Comments (966) | Send Message
    what's a "druther" and "how does one have one"?


    in any case looks like a consensus if building quite rapidly at the Fed. I find it odd that someone from Chicago who has just watched propane prices double in one winter season...let alone natural gas..."wonder where the inflation is."


    Still the sentiment is appreciated. "Can we get these rates to one percent on the thirty or not?" would be my question. And if the answer is Yes We Can then indeed we might get something more than a Recovery In Name Only here.
    10 Apr 2014, 01:31 PM Reply Like
  • rambler1
    , contributor
    Comments (1048) | Send Message
    Maybe we should raise rates and bring down the cost of housing & lower stocklower prices, and give savers a shot for a change to start spending again. Sure as heck companies don't need more cash they can't spend it anyway. Let them pay interest on debt.
    10 Apr 2014, 01:50 PM Reply Like
  • onesun
    , contributor
    Comments (2) | Send Message
    Typical 'administration' line, "wonder where the inflation is."
    I am guessing all these political elites never do any shopping, or else they just keep buying TVs and amazed with all the new features that used to cost thousands.
    How many TVs do you buy each month ?
    10 Apr 2014, 01:51 PM Reply Like
  • shughes1116
    , contributor
    Comments (120) | Send Message
    There is no inflation, unless you eat, drink, drive, or fly.
    10 Apr 2014, 05:18 PM Reply Like
  • Captain Pike
    , contributor
    Comments (890) | Send Message
    There is no inflation if you know where to shop. .35 cents/ pound for russet potatoes, I could go on.


    Finally a voice of reason at the FED. This guy is RIGHT!
    10 Apr 2014, 07:38 PM Reply Like
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