October 12, 2018 / 1:45 PM / a month ago

Fed's Evans says questioning of rate hikes is fair - CNBC

FILE PHOTO: Chicago Federal Reserve Bank President Charles Evans visits the online music retailer Sweetwater, in Fort Wayne, Indiana, U.S., September 14 2018. REUTERS/Ann Saphir/File Photo

(Reuters) - Chicago Federal Reserve President Charles Evans said it is fair to question rate hikes by the central bank, his remarks coming after U.S. President Donald Trump commented earlier this week that the central bank, which has been raising U.S. interest rates, had “gone crazy.”

The policy stance should be re-adjusted to at least neutral, Evans told CNBC in an interview, adding he was “disappointed” that wage growth has not been higher.

Reporting by Kanishka Singh in Bengaluru

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