Chicago Fed's Charles Evans, a big backer of central bank stimulus, issues a full-throated...

|By:, SA News Editor

Chicago Fed's Charles Evans, a big backer of central bank stimulus, issues a full-throated defense of the Fed’s latest efforts and paints a bleak picture of the global economy: There’s "a significant risk the global recovery might weaken further... If we continue to take only modest, cautious, safe policy actions, we risk suffering a lost decade similar to that which Japan experienced in the 1990s.”