© Archyde.com/Edgard Garrido
FILE PHOTO: Chicago Federal Reserve Bank President Charles Evans looks on during the Global Interdependence Center Members Delegation Event in Mexico City, Mexico
Por Ann Sapphire
March 2 (Archyde.com) – Federal Reserve Bank of Chicago President Charles Evans said on Wednesday that inflation is “extremely” high, driven by strong demand and supply chain problems, and that it means ” a pretty big risk” to economic growth.
“It’s something that needs to be addressed by monetary policy, for sure,” while interest rates need to be readjusted to get closer to neutral, Evans said at the Lake Forest-Lake Bluff Rotary Club Foundation.
Inflation will come down this year and next, he added, but it is likely to be closer to 2.5% than the Fed’s 2% target for next year, which it would only reach in 2024.
(Edited in Spanish by Carlos Serrano)