Federal Reserve Bank of Chicago

The state expects to cut interest costs through the early repayment on the loan taken out through the Federal Reserve's emergency lending program to help pay down healthcare bills.

It will probably take “quite some time” for Federal Reserve officials to conclude the economy has made substantial progress following Friday’s disappointing jobs report, Chicago Fed President Charles Evans said.

Federal Reserve Bank of Chicago President Charles Evans says monetary policy will need to remain “accommodative for quite a while,” since inflation won’t hit a 2% average for “a long time.”

Lindsey Piegza says politics and consumer's continued fear may make the recovery more difficult.

Pending home sales unexpectedly declined in October, the second consecutive month they dropped.

The economic news was mixed again Monday, with home sales unexpectedly dipping, while two reads of manufacturing showed expansion continued, but one suggested a slower rate of growth.

The federal funds rate target should remain at the zero lower bound until inflation reaches 2% and remains headed higher, Federal Reserve Bank of Chicago President Charles Evans said Monday.

The U.S. central bank’s new guidance on interest rates doesn’t preclude tightening before inflation averages 2% for some period of time, Chicago Fed President Charles Evans said.

The Fed has been chasing its 2% inflation goal since 2012 and has yet to even come close to reaching it, thanks in part, to technology and globalization.

Charles Evans, president of the Federal Reserve Bank of Chicago, said the economy won't be back at pre-pandemic levels until near the end of 2022.

The pace of recovery will not only be fragmented, but will take a lot longer than originally thought, according to Raphael Bostic, Federal Reserve Bank of Atlanta president.

Observers expect the Fed to use the gathering, virtual this year, to release the new monetary policy framework it's been working on.

The nominations, essentially along party lines, move to the full Senate.

Without a return of inflation, rate hikes are off the table, according to Charles Evans, president of the Federal Reserve Bank of Chicago.

Recurring coronavirus outbreaks will probably hold back U.S. economic growth and leave unemployment at elevated levels in the coming years, Federal Reserve Bank of Chicago President Charles Evans said.

Fed researchers look at Japan's experience with YCC.

Although up from the worst levels, indicators are not signalling recovery.

Chicago Fed president said there is no reason to raise rates "anytime soon."

Fed officials also talk about the muni liquidity facility and efforts to help the economy in the wake of the COVID-19 pandemic.

Uncertainty remains the only constant regarding the coronavirus pandemic, and two Federal Reserve Bank presidents offered positive thoughts, although no definitive answers.