Chicago Federal Reserve President says fair to question central bank's rate hikes

Chicago Federal Reserve President Charles Evans said it is fair to question rate hikes by the central bank, his remarks coming after U.S. President Donald Trump commented earlier this week that the central bank, which has been raising U.S. interest rates, had "gone crazy."

The policy stance should be re-adjusted to at least neutral, Evans told CNBC in an interview, adding he was "disappointed" that wage growth has not been higher.

(With inputs from agencies.)