Chicago Fed Pres. speaking from Mexico City
more from Evans in Mexico City:
- financial stability risks are moderate
- coronavirus is something we are all paying close attention to
- the idea that the coronavirus is contained in China sounds overly optimistic
After his speech Fed's Evans spoke to reporters saying:
- Fed has capacity to provide more accommodation if needed
- premature to consider policy action still have more data
- sites confidence measures as important to gauge impact
- Fed policy is well-positioned for the risks it sees
- he is in the monitoring mode on virus impact
- market moves notable but looking for economic impact
- it may require more periods of above target inflation than experienced in the past before the Fed raises rates