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BEIJING (AP) — The president of the Chicago Federal Reserve says easier monetary policy by governments including the United States and China would help to support global growth.
Charles Evans said Thursday major economies face "downward risks" for growth. Evans is a member of the U.S. Federal Reserve's policymaking Open Market Committee.
" I have thought for some time we need more accommodation," Evans said at a news conference, referring to U.S. monetary policy.
He said he "would applaud" any other government that takes steps to strengthen its economy. Asked whether that included China, he said, "Sure. Around the world."
Minutes released Wednesday show Federal Reserve officials at a July 31-Aug. 1 meeting spoke with increased urgency about the need to provide help for the weak U.S. economy.