Fed's Evans sees pause in rate cuts
Charles Evans, the president of the Chicago Federal Reserve Bank, said that the recent interest rate reductions taken by the Fed should be sufficient to help promote moderate growth over time and mitigate the risks to economic activity.
"At 3 %, the current federal funds rate is relatively accommodative and should support stronger growth. (...) the effects of last fall's rate cuts are probably just being felt, while the cumulative declines should do more to promote growth as we move through the
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