Fed’s Evans says it’s tough to dissuade Fed from December rate hike
Only a “pretty sizable” negative surprise would dissuade the Federal Reserve from hiking interest rates in December given the improved economic data since June, Chicago Fed President Charles Evans said on Tuesday.
“It would probably take something pretty sizable to change my assessment that a December move is consistent with a shallow path,” Evans told reporters, referring to a Fed policy meeting in mid-December and the path of tightening thereafter.
“Even if you are a little more nervous in December than I am currently then you would still have the option of waiting until the next year,” he added. “You’d have to feel more strongly that one rate increase in December was really the wrong path, and that would take a more negative implications than what I’m expecting or seeing.”
yes it is but now the have may have a patsy as potus to take the fall for any blowback..
“Only a “pretty sizable” negative surprise would dissuade the Federal Reserve”
like trump winning?