Chicago Fed President Charles Evans—a voting member on the central
bank's policymaking committee—told CNBC Friday he'd be patient on
raising near zero interest rates and would not make a move before 2016.
He appeared on "Squawk Box" just moments after the release of the December jobs report, which showed stronger-than-expected nonfarm job growth of 252,000. The unemployment rate dropped by slightly greater-than-forecast to 5.6 percent. The already strong November jobs increase was revised higher by 32,000 to 353,000.
The U.S. has seen a substantial improvement in the labor market, Evans said—adding there's been "good, good progress" in the jobless rate. Improvement in the labor market had been a requirement of the Fed before even considering higher rates.
http://www.cnbc.com/id/102324364?par=cnbcsocial&__source=cnbcsocial%25257Cusnews#.
He appeared on "Squawk Box" just moments after the release of the December jobs report, which showed stronger-than-expected nonfarm job growth of 252,000. The unemployment rate dropped by slightly greater-than-forecast to 5.6 percent. The already strong November jobs increase was revised higher by 32,000 to 353,000.
The U.S. has seen a substantial improvement in the labor market, Evans said—adding there's been "good, good progress" in the jobless rate. Improvement in the labor market had been a requirement of the Fed before even considering higher rates.
http://www.cnbc.com/id/102324364?par=cnbcsocial&__source=cnbcsocial%25257Cusnews#.
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