Fed’s Evans: If economy deteriorates more, Fed would be willing to do more

The Federal Reserve Bank (Fed) would be ready to do more if the economy deteriorates further, Chicago Fed President Charles Evans said early Tuesday.

Additional quotes

Would be surprised if Fed raises rates before 2023, even if recovery is stronger than expected

Fed should not try to fine-tune inflation overshoot

Fed should get core inflation up to 2.5%

US economy needs more fiscal support; of the view, we should go big

Does not look like virus surge is getting strongly in the way of economic momentum