Friday, Feb 19, 2021
Federal Reserve Charles Evans sees price spike ahead, but policy steady in OU Economic Department lecture
Chicago Federal Reserve Bank President and CEO Charles Evans forecast a rapid economic rebound this year in remarks he prepared for delivery via Zoom at the annual lecture hosted by the Oakland University Economics Advisory Board in early February. Evans also said monetary policy will need to remain super-easy to boost too-low inflation, even as prices are expected to temporarily spike this spring.
Evans said he is optimistic that the ongoing boost from the Fed, along with the $892 billion pandemic relief package passed in December and the rollout of vaccinations will power the economy to grow five to six percent this year.
Watch the full recording of Evans Zoom talk, including questions and answers, on the Oakland University School of Business YouTube channel.
The lecture was covered by Reuters and picked up by news outlets around the nation, including:
U.S. News & World Report
The Financial Post
Fidelity Investment Research
Investing.com
This Is Money UK
February 19, 2021