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Charles Evans

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Top Charles Evans Articles see all

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  • Chicago Fed president: Interest rate increase unlikely until 2016

    Chicago Fed president: Interest rate increase unlikely until 2016
    The economy continues to be too weak for an interest rate increase and likely won't be ready until sometime in 2016, Chicago Federal Reserve President Charles Evans said Wednesday.
  • Fed stands pat on policy; Bernanke press conference next

     
    The Federal Reserve held policy steady after a two-day meeting, citing signs of improved economic growth. The Fed’s post-meeting statement Wednesday was as expected. Most economists figured the central bank wouldn’t announce any new...

    Fed, more upbeat about economy, leaves monetary policy unchanged

     
    The Federal Reserve, providing a somewhat more upbeat assessment of the economy, on Tuesday kept the benchmark short-term interest rate near zero but did not take any new steps to boost financial markets or the economy.

    Text of the Federal Reserve's statement Wednesday

    Below is the statement the Fed released Wednesday after its policy meeting ended: Information received since the Federal Open Market Committee met in April suggests that economic activity has been expanding moderately after having changed little during...

    Book your tickets to Europe now because the dollar's surge may be over

    Book your tickets to Europe now because the dollar's surge may be over
    For the last six months, it seemed like the dollar could only go up. But if the Federal Reserve has its way, that might be over now. It was a simple story. The U.S. economy was doing well enough that it looked like it would start raising interest...