Evans Says Treasury Move to Wind Down Fed Programs Disappointing

The U.S. Treasury’s decision not to extend the Federal Reserve’s emergency lending facilities past their year-end expiry is disappointing, though it doesn’t necessarily mean the central bank needs to add to monetary stimulus when it meets next month, Chicago Fed President Charles Evans said.

The lending facilities, rolled out earlier this year in response to the onset of the pandemic, are providing a helpful backstop for financial markets, Evans said in an interview Friday on CNBC television.