Echoing comments made earlier this week, in light of the December employment report release, Federal Reserve Bank of Chicago President Charles Evans in a televised interview called for patience on rate hikes, suggesting he would prefer to wait until 2016 to raise rates.
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Reacting to the just-released employment report, Evans told CNBC, the labor markets have made "good, good progress." Yet, he reminded, that inflation plays a big role in monetary policy and average hourly earnings declining indicates low inflationary pressures.
In order to get to the Fed's 2% inflation target, Evans said, wages will have to rise. "I just don't see why we should be in a hurry to move off our current accommodative policy."
