Feds Evans: Most important stimulus for economy is fiscal public health safety

Author: Greg Michalowski | Category: Central Banks

Chicago Fed Pres. Evans speaking to reporters

  • most important stimulus for economy in next month's is fiscal public health safety
  • was a latecomer to optimism on vaccine rollout, can imagine upside risk for the economy
  • he is comfortable with current asset purchase program, would be for next several months
  • not opposed to more accommodation, just not sure of right timing
  • a much bigger balance sheet may be required to get inflation up over 2%
  • steeper yield curve is a reflection of improved economic outlook or conditions, not a concern
  • do not expect to raise rates until 2023, probably 2024
  • payroll report was weaker than he was expecting
  • Fed already buying bonds at pretty good strength
  • better idea of outlook by spring to assess asset buying
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