WASHINGTON — Federal Reserve Bank of Chicago president Charles Evans Tuesday said he remains in favor of strong monetary policy accommodation for a “substantial” period of time, given the static economic recovery, and that he would have preferred more action by Fed policymakers following their most recent meeting in August.
Given the sluggish progress of the recovery, and the fact that inflationary pressures are not nearly as strong as some fear, there is room for accommodation, Evans said in an interview on CNBC.
