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Inflation is not that strong and it would need a firmer lift for four raise interest hikes in America this year, according to a Federal Reserve official policymaker.
When asked whether he saw a formidable case for an additional rate increase in 2017, Chicago Fed President Charles Evans said Monday he is not confident and that he does not see the figures. He added a much firmer inflation would entail a crucial rise in long-term inflation projections.
Evans did not indicate when he believed the Fed would begin slashing its balance sheet. But he noted there was an ongoing discussion about the timing and the rate of rolling out assets, saying it should be done in a controlled and disciplined manner.
