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.

Read article