September 14, 2018 / 2:40 PM / 12 days ago

Fed's Evans sees one or two more rate hikes this year

FORT WAYNE, Ind. (Reuters) - Federal Reserve Bank of Chicago President Charles Evans said on Friday that two further interest-rate hikes this year by the U.S. central bank would not be surprising, given the strength of the economy.

Federal Reserve Bank of Chicago President Charles Evans speaks during a meeting in Madrid, Spain, March 27, 2017. REUTERS/Juan Medina

“I still think that certainly three to four total increases for this year are reasonable and the data have been strong,” Evans told reporters after a speech here. “I will not be surprised if it’s four increases this year. I do still believe that a gradual increase in interest rates is appropriate.”

Reporting by Ann Saphir; Editing by Chizu Nomiyama

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