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Fed’s Evans says no more rate cuts are needed through 2020
video Chicago Federal Reserve President Charles Evans agrees with the two interest rate cuts this year but thinks that’s probably enough for now. As markets anticipate another reduction later this month, Evans, a voting member of the Federal Open Market Committee, said in a speech Wednesday that policy is probably appropriate given an economy that is softening but still in good shape. “I think policy probably is in a good place right now. All told, the growth outlook is good, and we have policy accommodation in place to support rising inflation,” he said in prepared remarks for a speech in Peoria, Illinois. ... (full story)