Home / Market Update / Fed’s Evans: Allow Inflation to Reach 2.5%

Fed’s Evans: Allow Inflation to Reach 2.5%

President of the Federal Reserve Bank of Chicago, Charles Evans, expects inflation in the United States will reach 2% and unemployment at 4% by 2023, Reuters reported.

According to Evans, inflation could be allowed to reach 2.5%.

“The Fed needs to have an ‘in it to win it’ attitude toward our inflation objective.”

“This will require actual overshooting, and we can’t be timid about doing so.”

Check Also

The Euro’s Moment? Weak US Data and ECB Action Set the Stage

The euro strengthened against the US dollar, with the EUR/USD pair climbing above 1.14. This …