© Reuters. FILE PHOTO: Chicago Federal Reserve Bank President Charles Evans looks on during the Global Interdependence Center Members Delegation Event in Mexico City, Mexico, February 27, 2020. REUTERS/Edgard Garrido
(Reuters) – Chicago Federal Reserve Bank President Charles Evans on Thursday joined his fellow U.S. monetary policymakers in saying that getting too-high inflation down is “job one,” but said he does not expect raising interest rates will result in a recession.
“I think we’ll muddle through” with U.S. economic growth this year likely to be about a half a percent and the unemployment rate to rise but not by a lot, Evans said at an economic forum held at the College of Dupage.