Derby's Take: The Man Behind 'Evans Rule' Sees New Rate Guidance Challenges

Derby's Take: The Man Behind 'Evans Rule' Sees New Rate Guidance Challenges

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The Federal Reserve official who pioneered an idea that powered one of the most important phases of the central bank’s financial crisis-era interest rate guidance reckons that any new effort on this front will be trickier for the central bank to pull off.

Charles Evans, president of the Chicago Fed, weighed in on the issue in a conversation with reporters earlier this month. Mr. Evans is an influential voice at the central bank and is well known for what came to be called the “Evans Rule.”


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