“Before long, we will need to make a judgment as to whether more monetary policy support is needed,” Chicago Federal Reserve Bank President Charles Evans said on Wednesday.
Key takeaways
“No one at the Fed is thinking about negative interest rates at the moment, would be surprised if we went down that road.”
“Expectingstrong growth in the second half.”
“First real step on the way back to recovery is making people feel safe in terms of public health.”
“Leisure and hospitality sector will be challenged until there is a vaccine.”
“There’s a role for more fiscal stimulus, especially for local and state governments.”
“State and local governments employ a lot of people, layoffs would have a big impact.”
Market reaction
The US Dollar Index continued to edge higher after these comments and was last seen gaining 0.5% on the day at 97.16.
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