Fed's Evans Sees Inflation Falling Below Central Bank's 2% Target After Current Rise Subsides - NewsBreak

Chicago Fed President Charles Evans told CNBC on Tuesday that the current spate of inflation won't last and ultimately will fall below the central bank's target. Inflation has been at 3.6% year-over-year in the past couple of months, the highest since the early 1990s, according to the Fed's preferred gauge.