Fed's Evans: Economic recovery is 'very uneven'

Author: Adam Button | Category: Central Banks

Comments from the Chicago Fed President in a virtual discussion

Fed Evans
  • Says he's somewhat optimistic about the recovery next year
  • Unemployment could come down to about 5.5% by end 2021
  • Fiscal policy will play an important role
  • Says he's reasonably confident that economy will maintain momentum next year
  • Need to be careful not to prematurely raise rates
  • Says he's focused on economy's momentum in the spring
  • Fed could do more accommodation if needed
  • Says he's not bothered by 2.50-2.75% inflation for a year
This is a generally-upbeat take.
 
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