Central Banks

Chicago Fed Pres. Evans speaking

  • more fiscal relief needed, cites large potential hole in aggregate demand as prior 8 expires
  • United States taking serious, unnecessary risks by not extending more federal aid to out of work households
  • people, businesses and minority neighborhoods have borne unfair, outsize burden from pandemic recession
  • inclusive recovery difficult until we’ve made sufficient progress in controlling virus
  • sees inequalities steepening the longer the pandemic, recession continues
  • repeats Fed is committed to using full range of tools until confident economy on track to full employment, stable inflation

Fed’s Evans is a nonvoting member on the FOMC in 2020.
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