March 25, 2019 / 3:53 AM / a month ago

Fed's Evans says have to be nervous when yield curve flattens -CNBC

HONG KONG, March 25 (Reuters) - Chicago Federal Reserve Bank President Charles Evans said on Monday it was understandable for markets to be nervous when the yield curve flattens, though he was still confident that the U.S. economy was growing at a good rate.

Evans was speaking to CNBC on the sidelines of the Credit Suisse Asian Investment Conference in Hong Kong.

“We have to be a little bit nervous, obviously, whenever the yield curve gets flat,” Evans said, adding that he expected U.S. economic growth to decelerate to around 2 percent.

“Your first reaction is gonna(be)’wow, this is less than what we had’ and I think this is missing the message.”

“I can understand why they (investors) would be more watchful, waiting and looking. After all this is what the Fed is doing and I think the data will prove it out.”

Reporting By Marius Zaharia and Anne Marie Roantree; Editing by Shri Navaratnam

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