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Evans, Charles L. on 2018 March 9 at 08:40

My own preference would be to wait a little bit longer, let the March anomalous inflation rate from a year ago fall out.

Chicago Federal Reserve President Charles Evans told CNBC on Friday he's still nervous about continued low inflation and would prefer to "wait a little longer" than this month's meeting before raising interest rates for the first time in 2018. "My own preference would be to wait a little bit longer, let the March anomalous inflation rate from a year ago fall out," said Evans, who is not a policy voting member this year but takes part in the meetings. "Let's make sure these sort of Amazon, disruptive kind of pricing models aren't continuing to find their way into keeping inflation lower than that," he added in a "Squawk Box" interview. By midyear, if inflation does show signs of increasing to the Fed's 2 percent target, Evans said, he would be "much more confident" to continue "a gradual upward adjustment of the funds rate."  The trajectory of rates is much more important than whether there are "three, two, four rate increases" this year, Evans said. Evans, Charles L.

CNBC Squawk Box

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