Fed’s Evans Open to June Interest Rate Hike if Labor Market Continues to Improve

Says hurdle for April move is very high

by Greg Robb
Market Watch

WASHINGTON (MarketWatch) — Chicago Fed President Charles Evans suggested Wednesday he would support another interest rate increase in June, if the labor market continues to show improvement.

In an interview with CNBC, Evans said further declines in the unemployment rate or more workers returning to the job market over the next few months “would be a good reason” to move rates higher.

The Labor Department will release the March job report on Friday and economists are expecting another strong report.

April would be too soon for a rate increase, Evans suggested.

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