Head of the Federal Reserve Bank of Chicago expects that the increase in rates of the Fed will begin to exert pressure on economic growth and employment in the US in 2019

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The head of the Federal Reserve Bank of Chicago, Charles Evans, in a speech with which he plans to speak at a conference in Indiana, notes a strong US economy, low unemployment and a steady inflation approach to the target 2%. He believes that the level of borrowing costs after a 10-year stimulating role will become “slightly deterrent”, which in 2019 will begin to put pressure on economic growth and employment in the US. Evans expects that in 2018 the economy will grow by 3%, and next year its growth will slow down. In his opinion, by 2020 unemployment will drop to 3.5%, inflation may slightly exceed 2%. He believes that “the level of the federal funds rate of 3-3.5%, projected in 2019 and 2020, will be slightly restraining”.

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