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Charles Evans

Two 2016 rate hikes 'not at all unreasonable,' Fed's Evans says

Two 2016 rate hikes 'not at all unreasonable,' Fed's Evans says

The Federal Reserve could raise interest rates twice this year given economic conditions, Federal Reserve Bank of Chicago Chief Executive Charles Evans said Tuesday.

After speaking to the City Club of Chicago, Evans met with reporters and was asked how comfortable he felt about the likelihood of two interest rate hikes this year.

Evans had pointed out that the median of the projections was for two rate hikes and that he was "comfortable" with that prediction — on the condition that gross domestic product grows by 2 percent to 2.5 percent and that unemployment falls from its current 4.9 percent to a range of 4.7 to 4.8 percent.

"Fundamentals are...

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