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 - Copyright Ann Saphir(Reuters)

By Reuters

Published on 15/04/2019 - 21:04•Updated 20/04/2024 - 05:20

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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.