Fed’s Evans Says Half-Point Rate Hike Worth Debating to Get to Neutral

The Chicago Fed chief, who does not have a vote on FOMC decisions this year, said the central bank needs to navigate the funds rate to a “neutral setting,” which he believes to be in the 2.25-2.5% range. He added that he favored getting there by next March, but “if we accelerated that, so that we were there in December, that would be OK too.”

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