Fed's Evans says he is comfortable with one rate hike in 2021, 2022

FILE PHOTO: Federal Reserve Bank of Chicago President Charles Evans participates in a moderated discussion in Zurich, Switzerland October 11, 2017. REUTERS/Arnd Wiegmann

INDIANAPOLIS (Reuters) - Chicago Federal Reserve Bank President Charles Evans on Wednesday said he does not expect the U.S. central bank to need to lower rates any further at this point and is “quite comfortable” with Fed policymakers’ median forecast of one rate hike in 2021 and another in 2022.

Still, Evans told reporters after speaking at the Economic Club of Indiana, “I do think it’s extremely important that we get inflation up to 2% ...I actually think it’s important that we overshoot,” adding that his forecast calls for inflation reaching 2.2% by the end of 2022.

Reporting by Ann Saphir; Editing by Andrea Ricci