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FILE PHOTO: Chicago Federal Reserve Bank President Charles Evans looks on during the Global Interdependence Center Members Delegation Event in Mexico City, Mexico, February 27, 2020. REUTERS/Edgard Garrido/File Photo
(Reuters) - Chicago Federal Reserve Bank President Charles Evans on Wednesday forecast a rapid economic rebound this year, but said monetary policy will need to remain super-easy to boost “too low” inflation, even as prices are expected to temporarily spike this spring.
“It will be critical for monetary policymakers to look through temporary price increases and not even think about thinking about adjusting policy until the economic criteria we have laid out have been realized,” Evans said in remarks prepared for delivery to the Oakland University School of Business Administration, in Rochester, Michigan. “So I see us staying the course for a while.”
Chicago Federal Reserve Bank President Charles Evans said on Friday he is "comfortable" with the Fed's current pace of asset purchases and would likely be so for the next several months, until there's more clarity on the outlook for the economy.
Wall Street Might Open Moderately Positive
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - On a day of lean economic announcements, investors might be focusing on the developments in Washington.
The FDA recommendation for the emergency roll-out of the Moderna vaccine for COVID-19 infection in the U.S. might add positivity to market sentiments, while U.S. China tensions are troubling the Brexit deal.
Asian shares finished broadly higher, while European shares are trading lower.
Initial signs from the U.S. Futures Index suggest that Wall Street might open slightly positive.
As of 7.25 am ET, the Dow futures were adding 12.00 points, the S&P 500 futures were gaining 4.50 points and the Nasdaq 100 futures were up 11.75 points.