US economy

Rate cuts possible if inflation falls more than expected – Fed's Evans

© Reuters. FILE PHOTO: Charles Evans, president of the Federal Reserve Bank of Chicago, poses for a photo in Palm Beach

NEW YORK (Reuters) – The Federal Reserve could cut rates to support inflation if prices fall but that is not the most likely scenario, Chicago Fed President Charles Evans said on Monday.

Evans told reporters in New York that he is comfortable with where rates are now but would like to see inflation move up to give policymakers more flexibility.

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