Fed’s Evans Sees Easing Beyond 2023

The United States Federal Reserve is set to maintain monetary easing after 2023 to realize the inflation target, even when it begins raising rates, President of the Federal Reserve Bank of Chicago, Charles Evans, said.

“We are not going to follow a strict numerical formula to determine the time of liftoff and how long to keep policy accommodative after liftoff.”

“Our work on inflation is unlikely to be complete when we first begin to raise rates, and so it also indicates that we will maintain accommodative monetary conditions until our inflation averaging goal is met.”