Fed’s Evans Says Unemployment Remains Too High at 5.9%
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U.S. unemployment remains too high and a stronger dollar could hurt the country’s exports while preventing inflation from rising to the Federal Reserve’s goal, Chicago Fed President Charles Evans said today.
“We still aren’t back to full labor-market health,” Evans said in remarks prepared for delivery in a speech in Plymouth, Wisconsin. “At 5.9 percent, the unemployment rate remains above what most people think of as its long-run neutral level.”