SEOUL — The Federal Reserve can maintain its effort to stimulate the U.S. economy and support the banking system through its large balance sheet for an extended period, which may be extended even more should the situation worsen, Federal Reserve Bank of Chicago president Charles Evans said Monday.

“I still see we can maintain the balance sheet for an extended period and with uncertainty in financial markets I wouldn’t be surprised if that was extended a bit more,” he said at a conference here sponsored by the Bank of Korea. “It is contingent on the state of the economy.”

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