Oct 20 (Reuters) - Chicago Federal Reserve Bank President
Charles Evans said on Tuesday he doesn't think the new wave of
COVID-19 infections will hurt the economy as much as he might
have thought it would earlier in the pandemic, and he remains
"reasonably optimistic" U.S. unemployment will fall to 5.5% by
the end of next year.
"I sort of put less weight on the adverse economic
consequences of a second or third wave based upon the experience
that we've seen - so it would have to be even worse than what we
see," Evans told reporters after a speech to the Detroit
Economic Club. "We seem to be powering through this no matter
how adverse and horrific those consequences are for households,
families around the country."
(Reporting by Ann Saphir; editing by Jonathan Oatis)