(Reuters) – Chicago Federal Reserve President Charles Evans said Wednesday he does not expect the U.S. central bank to increase interest rates through at least 2023, though he does expect inflation to reach the Fed’s 2% goal by then.
For inflation, he told reporters on a video call, “it’s just a slow slog beyond that – I’ve got an overshoot in the out years, but that’s premised on continued accommodation and better fiscal policy as well.” The most important factors for the recovery over the next six to 18 months, he said, are greater fiscal support and better control over the COVID-19 pandemic
(Reporting by Ann Saphir; Editing by Andrea Ricci)
