Chicago Fed President Charles Evans - the man whose ideas about QE∞ won the day on the...
Chicago Fed President Charles Evans - the man whose ideas about QE∞ won the day on the FOMC - tells CNBC he expects unemployment in the 7% range for at least another 2 years. As 7% is unacceptable to Evans, the statement means he expects a minimum 2 years of continued $40B/month or more of asset purchases. Gold and silver erase early losses. GLD +0.3%, SLV +2% premarket.
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