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News

Chicago Fed president Evans calls U.S. Treasury's decision on Fed programs "disappointing"

  • Says emergency facilities have been very helpful
  • It would be good to have more support coming from all directions
  • Economy is working through the virus
  • Fed has a robust plan for the policy; will keep rates at zero until max employment, 2% inflation
  • Looking at the scale of asset purchases, currently providing tremendous amount of support
  • We are in a pretty good place to see how this will play out with transition, fiscal support and vaccine
  • Says he's looking towards the spring to see how things will go


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