Fed’s Evans Expects Lowe Rate For Years

The President of the Federal Reserve Bank of Chicago, Charles Evans, has called upon Congress to agree on another stimulus package to support the US economy amid the COVID-19 crisis.

“Given my outlook, I expect this means highly accommodative monetary policy will be appropriate for some time to come.”

“It is important that our future monetary policy actions are true to the principles laid out in the new consensus statement.”

“I think that articulating outcome-based forward guidance for the rate path and asset purchases could be beneficial in the not-too-distant future.”