Fed's Evans says a rate hike could be appropriate in June or little later

Federal Reserve of Chicago President Charles Evans said Friday that a rate hike could be appropriate in June or little later and he continues to expect modest increases in policy path this year.

Speaking in Washington DC, Evans said US economic fundamentals are good. He expects GDP growth between 2% and 2.5% in 2016 and that the jobless rate should decline to 4.75%. Evans added that the Fed doesn’t pay more attention to financial market volatility than in the past.