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Fed's Evans redoubles push for more easing
One of the Federal Reserve's most dovish officials called on Tuesday for even more aggressive policy easing, citing "soft" U.S. economic data since the central bank last met in April and decided to stand pat. Charles Evans, president of the Chicago Federal Reserve Bank, speaking just days after a government report showed paltry U.S. jobs growth in May, warned that the economy could suffer long-term consequences if the Fed does not act now. "With huge resource gaps, slow growth and low inflation, the economic circumstances warrant extremely strong accommodation," Evans said in remarks prepared for delivery to the ... (full story)
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