It will be necessary for the US Federal Reserve to maintain its accommodative monetary policy for years amid low inflation, Chicago Federal Reserve Bank President Charles Evans said on Tuesday, as reported by Reuters. Additional takeaways “US has been able to return to about 90% of pre-crisis economy.” “Disadvantaged sectors that are struggling include in-person services, travel, leisure.” “US unemployment rate to fall to maybe 7% by end of year.” Unemployment to fall to 5.5% by end of next year, assuming further fiscal support and a vaccine.” “Inflation will continue to be challenged, will underrun 2% for a number of years.” “Every week and month without renewing fiscal support risks a longer period of slow-growth if not outright recessionary dynamics.” “Outlook is premised on at least $500 billion, perhaps $1 trillion of additional fiscal support.” “A bigger overshoot on 2% inflation means you would get to an average 2% inflation more quickly.” “Will need to have more Fed Committee discussion about asset purchases.” Market reaction The US Dollar Index largely ignored these comments and was last seen gaining 0.26% on the day at 93.79. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY Price Analysis: Jumps to fresh session tops, further beyond 100-hour SMA FX Street 2 years It will be necessary for the US Federal Reserve to maintain its accommodative monetary policy for years amid low inflation, Chicago Federal Reserve Bank President Charles Evans said on Tuesday, as reported by Reuters. Additional takeaways "US has been able to return to about 90% of pre-crisis economy." "Disadvantaged sectors that are struggling include in-person services, travel, leisure." "US unemployment rate to fall to maybe 7% by end of year." Unemployment to fall to 5.5% by end of next year, assuming further fiscal support and a vaccine." "Inflation will continue to be challenged, will underrun 2% for a number of… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.