Chicago Fed President Charles Evans said the central bank is holding fast in its commitment to bring down inflation.
Chicago Federal Reserve President Charles Evans said the central bank is holding fast in its commitment to bring down inflation even if it means people losing their jobs.its fourth consecutive 0.75 percentage point interest rate increase, the central bank official told CNBC he hopes to minimize economic damage.
Markets will get a fresh look at producer and consumer price indexes later this week. Both have been showing cost-of-living increases near their highest levels in more than 40 years.nonfarm payrolls increased 263,000 in September "If unemployment goes up, that's unfortunate. If it goes up a lot, that's really very difficult," Evans said. "But price stability makes the future better."
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