WASHINGTON - Chicago Federal Reserve Bank President Charles Evans Monday argued that current economic conditions call for "extremely strong" action from the central bank, warning of damage that will leaving lasting scars on the U.S. economy if nothing is done to tackle the stubbornly high unemployment rate.

In remarks prepared for the Saging Bangkok Forum in Thailand, Evans predicted the U.S. jobless rate will likely remain "well above" sustainable levels for some time, and cautioned that Asian economies, down the road, are likely to be confronted by the weak growth outlook currently facing the U.S. and other advanced economies.

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