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Fed's Evans sees case for deferring U.S. rate hikes for years
Reuters: Chicago Fed President Charles Evans called into question the likelihood of a U.S. interest rate hike this summer, saying he saw a "reasonable case" for delaying higher borrowing costs until core inflation reaches the Fed's goal of 2 percent.
Based on current Fed forecasts, such an approach would keep U.S. monetary policy on hold until 2018.
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