Friday, January 31, 2014

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Fed's Evans says economy endeavor is improving quite a lot '- Bloomberg | Afrikaans
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"Currently we have the appropriate monetary policy in place," Evans said in a speech in Chicago today. "The U.S. economy appears to be performing very well at the moment." endeavor
The policy-setting Federal Open Market endeavor Committee said on May 1 that it will stop buying $ 85 billion in bonds per month as it seeks to boost growth and unemployment reduction. The U.S. central bank also said it would increase or decrease the rate of purchases in response to the labor market and inflation.
Evans said he expected "sustained growth" to look at "escape velocity" in 2014. "We would like to see inflation closer to our goal," he added.
Federal Reserve Bank of Chicago President Charles Evans said he expected "sustained growth" endeavor to look at "escape velocity" in 2014. Photographer: Patrick Fallon / Bloomberg Great Local News


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