Chicago Federal Reserve Bank President Charles Evans

Earlier:

More:

  • may have been a missed opportunity in this expansion to not have put the countercyclical capital buffer in place earlier
  • says financial markets are reacting to "everthing that is going on," not just the Fed's actions
  • says Fed is trying to cushion any financial distress that might come about, but so far it is small
  • possibility of again hitting zero rates means fed should use its ammunition
  • Fed rate cut shows it is "part of a team" in the crisis response
  • Says he feels economy remains strong, with trade risks lifting