The Fed: Fed’s Evans says he supports ‘one or two’ more interest-rate hikes this year

Chicago Fed President Charles Evans spoke at a conference in Frankfurt, Germany

The fundamentals of the U.S. economy are good and call for another one or two increases in short-term interest rates this year, said Chicago Fed President Charles Evans on Wednesday.

Over the next few years, economic growth should average a little above potential, which is not even as high as 2%, Evans said in a speech to a banking conference in Frankfurt, Germany. The unemployment rate may slip below the rate that would hold inflation steady, he said, and as a result, the core level of the personal consumption expenditure price level will gradually move up to the Fed’s 2% target by 2019.

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