Fed's Evans says possible there will be no more rate hikes this year

From marketwatch.com

Chicago Fed President Charles Evans on Monday said the Fed could be done raising interest rates this year. In a speech to economists at New York University, Evans said he supports the current policy of "very gradual" interest-rate hikes and a slow reduction of the balance sheet. Whether that means "two, versus three, versus four" rate hikes this year is trivial, Evans said. The central bank has already raised rates twice this year. In his speech, Evans said it was more important that financial markets realize that inflation can exceed the Fed's 2% target from time-to-time. "We have to assure the public that we ... (full story)