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