- Chicago Fed president Evans: Policy to be accommodative "for a long time"
Market news
4 January 2021
Chicago Fed president Evans: Policy to be accommodative "for a long time"
- U.S. economy should prepare for a period of very low interest rates
- Expects virus to be brought under control as year progresses
- It will likely take years to get U.S. inflation up to 2% on average
- Interest rates will stay low for a long period; Fed will likely continue asset purchases for a while as well
- Fed should not rush to raise rates unless inflation threatens to be uncomfortably high
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