The Chicago Fed President Charles Evans indicated on May 20 when speaking to the Chicago CFA Society that the job market has turned into a good progress, which still needed more time for evaluation though.
Evans signified that he held no brief for taking measures to downscale QE in the Monetary Policy Conference from June 8 to June 19. However, he demonstrated his optimistic attitude to the outlook for U.S. economy and belief in its true recovery.
Evans claimed that the U.S. economy had always been highly resilient, especially under the environment of the antidromic fiscal policy and global weakening economy. In the aspect of inflation, he was also pleased to see the CPI rising more closely to the Fedís 2% goal.