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