US Fed official argues for continued easy monetary policy

"US Fed official argues for continued easy monetary policy, other talk exit strategy

The US Federal Reserve Bank of Chicago President Charles Evans said Friday that low inflation, and high unemployment both suggested that a continued easy US monetary policy is needed.

Evans said this at the annual Hyman P. Minsky conference in New York, held by the Levy Economics Institute of Bard College. He also stressed that there was little evidence of any emerging asset bubbles.

The US Labor Department said its consumer price index increased 0.5% in March, driven by high food and gasoline price.

Mr. Evans stressed that as long as “Core” inflation year over year is 1.5% or lower, he did not believe that a tightened policy is necessary."
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