NEW YORK (TheStreet) -- Federal Reserve Bank of Chicago President Charles Evans does not "love the idea" of an interest rate increase, CNBC's Steve Liesman reported on "Power Lunch" Wednesday.
Although Evans is not crazy about the idea of raising one interest rate within the year, he thinks it "could be appropriate," according to Liesman.
"He really wants inflation to be closer to the Fed's target before hiking," Liesman noted.
Evans' comments come ahead of the July jobs report, to be released by the Labor Department on Friday.
"Other Fed officials in recent days have been speaking about just one hike this year suggesting the Fed could be backing off once again from its projections," Liesman noted.
The Fed's June forecast prior to Brexit showed that its average official was looking to raise two interest rates by the end of the year.
However, it seems like the message from the Fed recently is that there will only be one rate increase, Liesman stated.
