Economy

Chicago Fed President Calls For More Central Bank Efforts To Boost The Economy

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During an address in Jackson Hole, Wyoming last week, Federal Reserve Chairman Ben Bernanke made it clear that the central bank is not going to engage in further efforts to boost the economy. However, this is not a consensus opinion on the Federal Reserve Board, as Chicago Fed President Charles Evans told CNBC that “the Federal Reserve may need to be even more aggressive in its easing policies than it has been so far unless the economy shows significant improvement.” “Given the way the economy is growing and inflationary pressures are not nearly as strong as a lot of people think, I think that there’s room for accommodation,” Evans said.