Evans Says Hurdle ‘High’ for Fed to Alter Bond Purchase Plan
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Chicago Federal Reserve Bank President Charles Evans said the hurdle for altering the Fed’s current $600 billion Treasury purchase plan is “high,” and that a tapering of the purchases is unlikely.
“It looks more and more to me like $600 billion is a good number,” Evans, 53, said today in an interview today with CNBC. “I continue to think the hurdle is pretty high” for changing the program and “we’re going to continue to need short-term interest rates to be low for an extended period of time.”