Fed's Evans: Looking to spring to see how things will go, can do more to enhance QE

Pandemic lending programs have been very helpful and it's disappointing to see them end,  Chicago Federal Reserve Bank President Charles Evans told CNBC on Friday, as reported by Reuters.

Additional takeaways

"Economy is working through the virus."

"We worry about rising cases, challenged sectors like hospitality, even factories."

"There are risks, would be good to have more support from all directions."

"Fed Chair and NY Fed and Fed board have been working with Treasury."

"Fed has a robust plan for the policy."

"Will keep rates at zero until max employment, 2% inflation."

"Looking at the scale of asset purchases, currently providing a tremendous amount of support."

"We are in a pretty good place to see how this will play out with transition, fiscal support and vaccine."

"Looking to spring to see how things will go, can do more to enhance QE."

"Expanding maturity is part of the Fed's tool kit, could also increase balance sheet more quickly if appropriate."

Market reaction

The US Dollar Index largely ignored those comments and was last seen gaining 0.05% on the day at 92.35.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD hits fresh two-month highs amid dollar weakness

EUR/USD has hit new two-month highs above 1.1940 as the dollar resumes its decline. Optimism about the US transition and covid vaccines is weighing on the safe-haven dollar. 


GBP/USD falls toward 1.33 amid Brexit acrimony

GBP/USD is falling toward 1.33 as both the EU and the UK are busy blaming each other for an impasse in Brexit talks. The thorny issues remain fisheries, governance and setting a level playing field.


XAU/USD attempting to bounce up from $1,775 low

Gold futures accelerated heir downtrend from last week highs near $1,900, breaking below the 200-day SMA, at $1,800 area, to hit its lowest prices in nearly five months, at $1,775.

Gold news

Dollar offered ahead of the weekend

Equities are finishing the week on a firm tone, while the US dollar remains heavy. In the Asia Pacific, only Australia and India did not end the week on a firm note.

Read more

Black Friday 2020 Discounts!

Learn to trade with the best! Don't miss the most experienced traders and speakers in FXStreet Premium webinars. Also if you are a Premium member you can get real-time FXS Signals and receive daily market analysis with the best forex insights!

More info