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Fed’s Evans Says Substantial Additional Fiscal Aid Critical

  • Partisan politics endangers U.S. recovery: Chicago Fed chief
  • Evans backs updated rate guidance in “not-too-distant future”
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Fed’s Mester Calls U.S. Economic Recovery 'Fragile'
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The course of the economic recovery in the U.S. will “critically depend on receiving substantial additional support from fiscal policy,” Federal Reserve Bank of Chicago President Charles Evans said.

“Partisan politics threatens to endanger additional fiscal relief,” Evans said Thursday in remarks prepared for a virtual event hosted by the Lakeshore Chamber of Commerce in northwest Indiana. “A lack of action or an inadequate one presents a very significant downside risk to the economy today.”