"It could be three, it could be two, it could be four," Federal Reserve Bank of Chicago President Charles Evans said.

Three rate hikes by the Federal Reserve this year is "entirely possible," Federal Reserve Bank of Chicago President Charles Evans said in a televised interview Monday.

"Raising rates is a fine move," Evans said in an interview on Fox Business News. While three rate increases are "entirely reasonable" this year "if the growth outlook solidifies."

"It could be three, it could be two, it could be four," Evans said.

He sees gross domestic product rising 2.25% this year.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.