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Federal Reserve’s Evans sees the US jobless rate at 9.5% at the end of 2020, 6.5% at the end of 2021 in baseline outlook.

  • More pessimistic forecasts are ‘equally’ likely.
  • Monetary policy is about where it can be.
  • Ball is in Congress’ court on economy.
  • Sees ‘aggregate demand trouble brewing’ without extension of fiscal supports like jobless benefits.

More to come…