- Chicago Fed president Evans expects monetary policy to remain on hold for some time
Market news
7 April 2021
Chicago Fed president Evans expects monetary policy to remain on hold for some time
- We are still some ways before reaching goals
- Substantial further progress bar for reducing asset purchases won't be met for a while
- Very optimistic about economic growth prospects
- Hopefully employment goal in sight before too long
- Achieving inflation goal may prove more difficult
- Economy has a good deal of momentum but still a long way to go before regaining pre-pandemic levels
- We need to get higher rates of inflation and solidify 2% inflation expectations
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