Chicago Fed President Charles Evans is back on the wires, via Reuters, continuing with his comments on the central bank’s monetary policy.
Key quotes
Time to adjust balance sheet back to more normal setting.
Wouldn't say that involves full round trip in its size.
Likely Fed will raise rates above neutral.
Sees slowing pace of hikes to 25bps steps before December.
Related reads
- Fed’s Evans: Should raise rates to 2.25%-2.5% neutral range 'expeditiously'
- US Dollar Index directs four-day downtrend towards 103.00 despite firmer yields