Bostic and Evans back rate hike with dovish bias

© Archyde.com/Edgard Garrido
FILE PHOTO: Chicago Federal Reserve Bank President Charles Evans looks on during the Global Interdependence Center Members Delegation Event in Mexico City, Mexico

April 7 (Archyde.com) – As expectations grow that the Federal Reserve will step up its efforts to contain inflation with more interest rate hikes, Chicago Fed President Charles Evans and Fed Chairman Atlanta’s Raphael Bostic offered a somewhat subdued counterpoint Thursday.

© Archyde.com/ANN SAPPHIRE
FILE IMAGE. Atlanta Federal Reserve President Raphael Bostic speaks to reporters at the National Association for Business Economics (NABE) annual meeting, in Washington, USA

“It’s time for us to abandon our emergency posture – I think it’s really appropriate that we move our monetary policy closer to a neutral position – but I think we have to do it in a measured way,” Bostic said at a virtual Chicago Fed conference on economic mobility.

Evans said: “I’m optimistic that we can get to a neutral position and find that we’re not necessarily that far from where we need to be.”

(Reporting by Lindsay Dunsmuir and Ann Saphir; Editing in Spanish by Javier López de Lérida)