Chicago Fed President Charles Evan said that is things “weren’t improving”, the 50bps rate hike in September is a “reasonable assessment”, but 75 bps “could also be ok”. He added “I doubt that more would be called for.”
“We wanted to get to neutral expeditiously. We want to get a little restrictive expeditiously,” Evans added. “We want to see if the real side effects are going to start coming back in line … or if we have a lot more ahead of us.”
