Federal Reserve Bank of Chicago President Charles Evans on Friday said investors may still expect ailing financial institutions to be bailed out by governments despite reforms aimed at reversing market psychology. Get the full story »
Inside these posts: Charles Evans
Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.
Evans: Fed should complete $600B in bond buys
The U.S. Federal Reserve Bank should complete its planned $600 billion in bond purchases, but probably does not need to do buy additional bonds to support the economy, a top Fed official said on Monday. Get the full story »
Evans: Fed doesn’t need to extend bond-buying
The Federal Reserve should complete its current round of bond-buying, designed to support the recovery, and likely does not need to extend it, Chicago Fed President Charles Evans said on Friday. Get the full story »
Fed’s Evans: Current bond buys may suffice
The U.S. economy still needs the Federal Reserve’s super-easy monetary policy, a top official said on Thursday, but the recovery may be strong enough June that the central bank will not need to extend its current $600 billion bond-buying program. Get the full story »
Fed’s Evans: U.S. economic growth lags
The sluggish U.S. economy shows signs of gaining strength but still needs a lot of help from the Federal Reserve to get back on track, a top Fed policy maker said on Friday. Get the full story »
Chicago Fed president to get vote on FOMC in Jan.
Federal Reserve Chairman Ben Bernanke is likely to face some new dissenting votes when the make-up of the Federal Open Market Committee, the central bank’s policy-making committee, changes in January.
Four presidents of regional Fed banks will step into the rotation at the Fed’s policy meeting in late January: Charles Evans of Chicago, Charles Plosser of Philadelphia, Richard Fisher of Dallas and Narayana Kocherlakota of Minneapolis. They’ll join the eight permanent voters on the FOMC: seven Fed governors (one position is now vacant) and the New York Fed president. Get the full story »
Evans, other Fed officials react to bonds criticism
Federal Reserve officials, taken aback by stinging criticism of their decision to print money and buy $600 billion in Treasury bonds, are counterpunching to defend themselves and, in some cases, to reinforce their commitment to the policy.
Charles Evans, president of the Federal Reserve Bank of Chicago and a strong supporter of the Fed’s easing policy, noted in an interview with The Wall Street Journal that the weak economy and low inflation warrants the Fed’s policy and that more such purchases might be needed in the months ahead if the economic outlook doesn’t turn.
“I would continue to want to apply accommodative monetary policy until I had some confidence that that situation was changing,” Evans said, noting that $600 billion is a “good place to start” the easing program. Get the full story »
Officials hint Fed on the verge of more easing
A string of Federal Reserve officials on Tuesday indicated the central bank will soon offer further monetary stimulus to the economy, with one saying $100 billion a month in bond buys may be appropriate. Get the full story »
Evans: ‘Appropriate’ to boost inflation temporarily
The U.S. Federal Reserve should pump more cash into the economy and temporarily stoke inflation to counter the stifling effects of high unemployment and undesirably low inflation, a top Fed official said on Tuesday.
“For many, my proposal will be a hard pill to swallow,” Chicago Fed President Charles Evans told a group of business leaders in Evanston. Get the full story »
Evans suggests Fed drive up inflation
The U.S. Federal Reserve should do “much more” monetary easing to spur a sluggish economic recovery, a top Fed official said in an interview published Tuesday.
“In the last several months I’ve stared at our unemployment forecast and come to the conclusion that it’s just not coming down nearly as quickly as it should,” Chicago Federal Reserve Bank President Charles Evans told the Wall Street Journal. Get the full story »
Oct. 1, 2010 at 10:56 a.m.
Comments Off
Filed under: Economy, Jobs/employment, Layoffs, Policy, Politics Fed’s Evans: More policy accommodation ‘desirable’
The Federal Reserve should take further action to stimulate the economy, or risk letting it fall into a vicious cycle of joblessness and deflationary pressures, top Fed official said on Friday. Get the full story »
Fed’s Evans: Economic recovery ‘extremely modest’
Federal Reserve Bank of Chicago President Charles Evans said Tuesday the economic recovery is “extremely modest” but he believes it’s unlikely the economy will fall into a double-dip recession. Get the full story »
Chicago Fed’s Evans: Enough stimulus
Federal Reserve Bank of Chicago President Charles Evans just said in a CNBC interview that he doesn’t think the government should add new stimulus to the system now.
He said numerous approaches have been tried, including the $8,000 tax credit for people buying homes. Those measures moved economic activity forward, Evans said. And the benefit to the economy, he thinks, was to build confidence as observes saw activity pick up. But Evans conclusion about trying it again: “We already did it.”
Chicago Fed’s Evans: Interest rates will stay low
Reuters | Low inflation and high unemployment in the United States justify the
Federal Reserve keeping benchmark interest rates ultra-low for “quite
some time”, Chicago Fed President Charles Evans said on Tuesday.
