Federal Reserve Bank of Chicago President Charles Evans on Friday said the U.S. central bank is on track to raising rates this year, though it may be “more than I think is essential” to do so at every policy-setting meeting.
“By the end of the year when we are closer to neutral we are going to have a better fix on how far we have to go,” Evans said in a CNBC interview, after a U.S. government report showed employers added more than expected jobs in February.
