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BREAKING NEWS

Rate cuts possible if inflation falls more than expected - Fed's Evans

Rate cuts possible if inflation falls more than expected - Fed's Evans
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/File Photo -
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Ann Saphir(Reuters)
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NEW YORK (Reuters) - The Federal Reserve could cut rates to support inflation if prices fall but that is not the most likely scenario, Chicago Fed President Charles Evans said on Monday.

Evans told reporters in New York that he is comfortable with where rates are now but would like to see inflation move up to give policymakers more flexibility.

(Reporting by Trevor Hunnicutt; Editing by Chizu Nomiyama)

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