Expect low rates for a long time, Chicago Fed president says
Don't expect significant interest rate hikes for the foreseeable future, the president of the Federal Reserve Bank of Chicago said Wednesday in St. Louis.
'We will likely be in a low interest rate environment for some time, which leaves monetary policymakers with less room to navigate future downs shocks should they occur,' Charles Evans said in remarks at the Community Banking Research Conference at the St. Louis Fed.
And that's a problem for community banks, Evans said. 'This environment...