Evans Says Fed Bond Buying Should Continue Through End of 2013

Federal Reserve Bank of Chicago President Charles Evans said stimulus must continue “firing on all cylinders” until achieving sustained job growth, adding that he expects the Fed will keep buying assets at a pace of about $85 billion per month throughout this year.

That “is a good pace to maintain to provide that abundant confidence that we’re going to continue with accommodation,” Evans said today in a meeting with reporters in Chicago. “This is a point when we have to be patient and let our policies work.”