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Fed's Evans says comfortable with a December rate hike

Published 10/03/2018, 06:29 AM
Updated 10/03/2018, 06:30 AM
© Reuters. FILE PHOTO: Chicago Federal Reserve Bank President Evans visits the online music retailer Sweetwater in Fort Wayne

© Reuters. FILE PHOTO: Chicago Federal Reserve Bank President Evans visits the online music retailer Sweetwater in Fort Wayne

LONDON (Reuters) - Federal Reserve policymaker Charles Evans said on Wednesday he was comfortable with expectations in financial markets that the U.S. central bank will raise interest rates again in December.

"I am quite comfortable with that, yes," he said when asked about a December rate hike in an interview with Bloomberg Television.

© Reuters. FILE PHOTO: Chicago Federal Reserve Bank President Evans visits the online music retailer Sweetwater in Fort Wayne

Evans said getting U.S. interest rates up to "a slightly restrictive setting" of 3.0 or 3.25 percent would be consistent with the strong U.S. economy and its inflation rate.

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