×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: charles | evans | chicago | fed | economy | expand | grow

Fed's Evans: U.S. Economy to Grow 3.5 Percent

Monday, 21 December 2009 11:14 AM

Charles Evans, president of the Chicago Federal Reserve, said on Monday he expects the U.S. economy to grow 3 to 3.5 percent in 2010, but that low inflation will give the central bank room to keep monetary policy accommodative for an extended period.

Next year "will definitely be a better year" than 2009, Evans told CNBC in an interview.

However, Evans said he expects the jobless rate will edge up "a few tenths" in 2010.

Evans, a voting member of the policy-setting Federal Open Market Committee this year, said the Fed's extended period means about three to four meetings.

"I've said before, that to me that seems like about three to four meetings," Evans said.

He said inflation expectations seem well-anchored and that substantial resource slack is "diminishing the trajectory of inflation".

© 2022 Thomson/Reuters. All rights reserved.


Headline
Charles Evans, president of the Chicago Federal Reserve, said on Monday he expects the U.S. economy to grow 3 to 3.5 percent in 2010, but that low inflation will give the central bank room to keep monetary policy accommodative for an extended period. Next year will...
charles,evans,chicago,fed,economy,expand,grow,2010,next year,cnbc
132
2009-14-21
Monday, 21 December 2009 11:14 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved