Fed’s Evans says good time to pause and be cautious
Written by Fox News on March 24, 2019
FILE PHOTO: Charles Evans, president of the Federal Reserve Bank of Chicago, poses for a photo in Palm Beach, Florida, U.S. January 17, 2018. REUTERS/Ann Saphir
March 25, 2019
By Noah Sin
HONG KONG (Reuters) – Chicago Federal Reserve Bank President Charles Evans said on Monday that it’s a good time for the U.S. central bank to pause and adopt a cautious stance even though the economy remains in a strong position.
Evans was speaking at the Credit Suisse Investment conference in Hong Kong.
The comments were among the first by policymakers following the Fed’s decision last Wednesday to signal an end to its tightening after it abandoned plans for further rate hikes in 2019.
(Reporting by Noah Sin; Editing by)
Source: OANN
MAGA One Radio