Chicago Fed President Charles Evans plans to retire in early 2023, the regional Fed bank announced Thursday. Evans is now the longest-service regional Fed president, having served in his current role since September 2007. Evans has been a notable dovish voice on the central bank. He was a key driver of a 2014 Fed policy decision to be “patient” about raising interest rates from ultra-low levels until employment improved. Evans will turn 65 early next year, which is the mandatory retirement age for regional Fed presidents.
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