Federal Reserve official wants low interest rates until unemployment falls to 6.5% - No... - 0 views
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Charles Evans, president of the Chicago Fed, wants the central bank to keep the federal funds rate near zero until unemployment falls to 6.5% -- a jobless rate not seen since 2008.
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in January he will rotate into a voting role on the Fed's policymaking committee. For about a year, he has been urging his colleagues to publish clear economic targets that would guide the central bank's policies.
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. He wants to see the unemployment rate fall to at least 6.5% and inflation not exceed 2.5% a year
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