Chicago Federal Reserve President Charles Evans will be replaced by Economist Austan Goolsbee (pictured), the central bank's Chicago branch revealed on Thursday.
Goolsbee will officially be taking Evans' position as president on January 9, 2023, with his term lasting until February 28, 2026. "Austan is...
Chicago Federal Reserve President Charles Evans said on Friday that the Fed will need to raise interest rates further, but noted the exact policy stance will depend on the economic outlook.
Evans added that he expects the federal funds rate to climb a bit above 4.5% by early 2023 and stay at that...
In order to bring inflation down, the Federal Reserve will likely keep a restrictive monetary policy in place "for some time," a move that will be followed by "below-trend growth, and some softening of labor market conditions," Chicago Fed President Charles Evans noted on Monday.
Delivering a speech...
Federal Reserve Bank of Chicago President Charles Evans remarked on Thursday that the central bank should have started rising interest rates in response to the growing inflation earlier than it did because now it has to continue with that policy.
Speaking at the Illinois Chamber of Commerce...
Federal Reserve Bank of Chicago President Charles Evans stated on Wednesday that the terminal interest rate should be reached in March 2023. Saying that the Fed should have started raising rates earlier is "fair," he also noted during an event organized by the London School of Economics.
The...
Addressing the Official Monetary and Financial Institutions Forum (OMFIF) in London, President of the Federal Reserve Bank in Chicago Charles Evans said on Tuesday that the Fed will likely raise interest rates by another 100 to 125 basis points this calendar year, adding his projections for the interest...
President of the Federal Reserve Bank in Chicago, Charles Evans (pictured), assured on Tuesday that getting inflation under control is the current priority of the bank.
Commenting on the economic outlook and the Fed's mandate on CNBC Europe, Evans said the consensus on the federal funds...
President of the Federal Reserve Bank in Chicago, Charles Evans, commented on Thursday on the economic situation in his country and the world, saying that the global economy will slow down, with Europe being hit the hardest.
The United States' gross domestic product (GDP) is likely to grow by...
President of the Federal Reserve Bank of Chicago Charles Evans said on Wednesday that the inflation data that came out earlier in the day should be seen as the first positive report.
Speaking at Drake University, Evans predicted that the central bank will keep raising rates into 2023 and that core...
President of the Federal Reserve Bank in Chicago, Charles Evans, said on Tuesday that it is reasonable for the Fed to increase its key interest rates by 50-75 basis points (bps) in September. "I doubt 100 bps hike is called for," he explained.
Evans expressed hopes a 50 bps increase in September would...
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