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Chicago Fed chief (and FOMC policy voter) Charles Evans doesn't see as many needs for a third...

Chicago Fed chief (and FOMC policy voter) Charles Evans doesn't see as many needs for a third round of quantitative easing, and now thinks the jobless rate will fall not just to 8% by 2012's end, but to 7.5%. But he still wants an accommodative stance and disagrees "completely" that Fed policies are "dangerous."
Comments (11)
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    Double-speak...as usual.

     

    Audit the Fed...get the REAL story.
    25 Mar 2011, 11:58 AM Reply Like
  • youngman442002
    , contributor
    Comments (5129) | Send Message
     
    These guys are pretty sure of themselves....they are the Kings and we must obey....wow
    25 Mar 2011, 12:02 PM Reply Like
  • Tony Petroski
    , contributor
    Comments (6368) | Send Message
     
    Right on Market Guy.

     

    "...the jobless rate will fall not just to 8% by 2012's end, but to 7.5%."

     

    That will be wonderful timing. It will bring us to the new normal full employment just as Americans go to the polls.

     

    We'll see if those Americans are as sanquine as Mr. Evans.
    25 Mar 2011, 12:02 PM Reply Like
  • warrenrial
    , contributor
    Comments (562) | Send Message
     
    More lies from the Fed.
    25 Mar 2011, 12:03 PM Reply Like
  • Jason Tillberg
    , contributor
    Comments (1272) | Send Message
     
    Rudy Von Havenstein didn't think it was dangerous either .. was policy to print money.

     

    Led to starvation and destroyed middle class ..and an angry German population looking for a scapegoat.
    25 Mar 2011, 12:03 PM Reply Like
  • wyostocks
    , contributor
    Comments (8852) | Send Message
     
    Their arrogance knows no bounds...................
    25 Mar 2011, 12:04 PM Reply Like
  • mikebrah
    , contributor
    Comments (253) | Send Message
     
    From the article:
    "I disagree completely with any characterization that these policies are dangerous," he said. "I think they are sound monetary policy decisions."

     

    To say that about an enormous, unprecedented monetary intervention, to the tune of multiple trillions of dollars, is beyond arrogance.

     

    It's like the first doctor to ever attempt an open-heart surgery telling his patient "I disagree completely with any characterization that this procedure is dangerous. I think it is sound medical policy."
    25 Mar 2011, 12:13 PM Reply Like
  • cash
    , contributor
    Comments (525) | Send Message
     
    'dangerous' for who is the question though... Easy money is very good for theor member banks and moneied-class friends...
    25 Mar 2011, 12:13 PM Reply Like
  • youngman442002
    , contributor
    Comments (5129) | Send Message
     
    Hoening quitting....and now the "press conferences"...and these guys out speaking an awful lot right now....has me worried....I think they know they are toast if they destroy this country...they are worried and scared..Hoening jumped ship...these other guys are trying to cover themselves...
    25 Mar 2011, 12:24 PM Reply Like
  • David Urban
    , contributor
    Comments (1036) | Send Message
     
    Hoenig didn't quit. The Fed has mandatory retirement at age 65 and this was expected.
    25 Mar 2011, 01:40 PM Reply Like
  • Duude
    , contributor
    Comments (3398) | Send Message
     
    I'm convinced we could achieve 7.5% unemployment numbers as soon as next week. Look no further than what they did with inflation data. Its all a matter on how they massage the numbers. After November 2012 they could start offering up revisions.
    25 Mar 2011, 12:36 PM Reply Like
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