Chicago Fed says Economy to Grow 3.5%

Fed’s Evans Says Low Inflation Gives Fed Breathing Room – NYTimes.com

NEW YORK (Reuters) – Charles Evans, president of the Chicago Federal Reserve Bank, said on Monday he expects the U.S. economy to grow 3.0 to 3.5 percent over the next 18 months, but that low inflation will give the central bank room to keep monetary policy easy for an extended period.

Next year “will definitely be a better year” than 2009, Evans told business television channel CNBC in an interview, but added he expects the jobless rate to creep up further.

Evans said he expects the U.S. jobless rate — currently

read article here… Fed’s Evans Says Low Inflation Gives Fed Breathing Room – NYTimes.com.

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