Chicago Fed President Charles Evans says the Fed could end its bond-buying if the economy...
Monday, January 14, 4:38 AM ETChicago Fed President Charles Evans says the Fed could end its bond-buying if the economy creates another 1-1.5M jobs over the next six months to a year. "That would be indicative that we could stop," says Evans. However, he forecasts that unemployment won't drop to 6.5% until mid-2015, which would mean that under the Fed's plan of linking monetary policy to the jobless and inflation rates, the bank could keep interest rates close to zero for another 2.5 years.
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