Fed presidents lay ground for extra rate hike
Evans, Rosengren and Williams all signal the possibility of a fourth rate hike in 2017 if the economy runs hot
The presidents of the Chicago, Boston and San Francisco Federal Reserve Banks each signalled in speeches on March 29 that an additional rate hike could be necessary in 2017, as the US economy shows signs of heating up.
Chicago’s Charles Evans, currently a voting member of the Federal Open Market Committee (FOMC), said the current expectation of three hikes this year was a “far more gradual path” for rates than previous tightening cycles. If growth and inflation expectations pick up, the
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