Fed’s Evans Says More Accommodation Would Help the Economy

Federal Reserve Bank of Chicago President Charles Evans said that “more accommodation would be good” for the world’s largest economy as the recovery stalls.

“We benefit from more accommodation anyway, even when the economy is growing at 2.5 percent,” Evans said today in a CNBC interview. “We can do better than that.”

The Chicago Fed chief’s comments echoed those from his June 5 speech at New York University, where he said “soft” U.S. economic data call for “extremely strong accommodation.”

To contact the reporter on this story: Jeff Kearns in Washington at jkearns3@bloomberg.net

To contact the editor responsible for this story: Chris Wellisz at cwellisz@bloomberg.net