Pandemic loan programs have been very helpful and it is disappointing to see them end, he said Friday. the president of the Federal Reserve Bank of Chicago, Charles Evans, told CNBC, Reuters reported.
Additional conclusions
“The economy is working through the virus.”
“We are concerned about the increase in cases, challenged sectors such as the hospitality industry, even factories.”
“There are risks, it would be nice to have more support from all directions.”
“The chairman of the Fed and the NY Fed and the Fed board have been working with the Treasury.”
“The Fed has a solid plan for policy.”
“Rates will be kept at zero until maximum employment, an inflation of 2%.”
“Looking at the scale of asset purchases, it currently provides a tremendous amount of support.”
“We are in a pretty good place to see how this will play out with the transition, the fiscal support and the vaccine.”
“We will watch the spring to see how things are going, we can do more to improve QE.”
“The maturing expansion is part of the Fed’s toolkit, which could even increase the balance sheet more quickly if appropriate.”
Market reaction
The US Dollar Index It largely ignored those comments and was last seen gaining 0.05% on the day at 92.35.
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