Fed’s Evans Says Low Inflation One of the Largest Risks to Central Bank

While the Federal Reserve’s preferred inflation target is close to a 2-percent goal, an outspoken Fed dove said on Tuesday he would “feel better” about raising U.S. interest rates if he were more confident it would continue to rise.

Inflation stuck below the goal is “one of the larger risks” facing the U.S. central bank, Chicago Fed President Charles Evans said at the Council on Foreign Relations. He added it was critical to at least hit the target to convince the public that 2 percent is not a ceiling.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza