Federal Reserve Bank of Chicago President Charles Evans said Friday if inflation doesn’t pick up, the central bank may need to consider lowering interest rates. “The path for rates will depend crucially on any signals of an acceleration in core inflation,” Mr. Evans said in the text of a speech prepared for delivery before an audience in Stockholm. “If activity softens more than expected or if inflation and inflation expectations continue to run too low, then policy may have to be left on hold—or perhaps even loosened—to provide...

Source: Wall Street Journal May 03, 2019 14:15 UTC