Fed's Evans sees no rate hike until 'well into' 2015

The U.S. Federal Reserve will need to keep rates at rock bottom until late 2015, a top Fed official said on Friday. Raising rates earlier, whether to head off the risk of financial instability or unacceptably high inflation, could dangerously depress already low inflation and derail a recovery that is finally gaining steam, Chicago Federal Reserve Bank President Charles Evans said in remarks prepared for delivery in Hong Kong.

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