BEIJING (MNI) – Chicago Federal Reserve President Charles Evans
said Thursday he remains a staunch advocate of more accommodative
policy, arguing that recent payrolls data haven’t been good enough and
that another round of quantitative easing would provide confidence to
the markets.

Evans told reporters at a briefing here that near-zero interest
rates will be needed for as long as unemployment remains above 7%.

He said the performance of the U.S. economy has been
“unsatisfactory” — while noting better-than-expected payrolls data —
and that inflation has been moderate.

“The hurdle is not very high for more accommodative policy,” he
said.

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