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Labor market vibrant as inflation remains persistent, Chicago Fed chief tells Detroit Economic Club

Consumer sentiment, given expensive food, higher gas prices and rising interest rates, may not match up to what economists are seeing as a "vibrant" time of low unemployment, said Charles Evans, president and CEO of the Federal Reserve Bank of Chicago.

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Fed s Evans on May half-point rate hike: Perhaps it s highly likely

Charles Evans said a 0.5% increase is “worthy of consideration, perhaps it s highly likely even,” with the aim of getting to a neutral 2.25-2.5%.

Chicago Fed chief: Labor market vibrant as inflation remains persistent

Consumer sentiment, given expensive food, higher gas prices and rising interest rates, may not match up to what economists are seeing as a "vibrant" time of low unemployment, said Charles Evans, president and CEO of the Federal Reserve Bank of Chicago.

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