Fed's Evans: Rates to stay low for 'quite some time'

FXStreet (Łódź) - Chicago Fed chief Charles Evans said on Monday that he expected interest rates to remain at low levels for an extended period of time, before economic conditions allow for a hike.

Evans suggested that increases could start after the summer of 2015, although he admitted that a first hike in June is "certainly a possibility." The FOMC would need to see inflation at 2% or slightly higher, to make the move.

Furthermore, Evans said that the Fed didn't detect evidence of dangerous financial bubbles so far.