Chicago Fed's Charles Evans fires back at QE3 critics, warning of a U.S. "lost decade" if the...

|By:, SA News Editor

Chicago Fed's Charles Evans fires back at QE3 critics, warning of a U.S. "lost decade" if the Fed limits itself to modest policy actions. There's no surprise here, as the hard-core dove Evans finds it “essential" to do as much as possible now to prop up the economy; his most noteworthy comment is that 3% inflation "not an unreasonable cap" on policy.