Fed’s Evans says he plans to retire early next year

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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