January 3, 2020 / 4:01 PM / 2 months ago

Fed's Evans: U.S. economy looks good for GDP growth of 2% to 2.25% for 2020 - CNBC

Charles Evans, president of the Federal Reserve Bank of Chicago, poses for a photo in Palm Beach, Florida, U.S. January 17, 2018. REUTERS/Ann Saphir/Files

(Reuters) - The fundamentals of the U.S. economy are “good” at the moment and the labor market remains strong with the economy set for a gross domestic product growth rate of 2% to 2.25% for 2020, Chicago Federal Reserve Bank President Charles Evans told CNBC on Friday.

However, Evans also said in the interview that there remains a lot of uncertainty associated with the tariff policy in ongoing trade tensions.

Evans had said last month that he does not expect the U.S. central bank would need to lower rates any further at this point and that he was “quite comfortable” with Fed policymakers’ median forecast of one rate hike in 2021 and another in 2022.

Reporting by Kanishka Singh in Bengaluru; Editing by Chizu Nomiyama

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