"This is a far grimmer forecast than we ought to have," he said, for which reason he favors "much more accommodation than we've put in place." The U.S. Federal Reserve should do "much more" monetary easing to spur a sluggish economic recovery, a top Fed official said in an interview published on Tuesday. "In the last several months I've stared at our unemployment forecast and come to the conclusion that it's just not coming down nearly as quickly as it should," Chicago Federal Reserve Bank President Charles Evans told the Wall Street Journal.
Article here: Fed's Evans Speaks
Add this to the choir of Fed speakers (past, present and probably future) and we can see the balance sheet expanding from sea to shining sea. Some pumps can't be primed. Let the market clear and move on.
This is my effort to help fit the pieces together to get a better picture of the capital markets.
“It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.”
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