Tuesday, March 04, 2025 | 09:01 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Charles Evans says Federal Reserve might have to aim for inflation above 2%

The US Federal Reserve held interest rates steady on Wednesday and signaled little appetite to adjust them any time soon

inflation forecast, RBI stance
Premium

Representative image

Reuters Stockholm
The Federal Reserve might have to aim for inflation above 2 per cent to achieve its 2 per cent target, a top policymaker at the central bank said on Friday.

“We had too many undershoots for quite some time. We’re symmetric and that means even if it’s going to go back up to 2 (per cent), because it's unsure, maybe we should aim for 2.25 per cent to get to 2 per cent,” Federal Reserve Bank of Chicago President Charles Evans said in Stockholm.

The US Federal Reserve held interest rates steady on Wednesday and signaled little appetite to adjust them any

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in