Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Fed's Evans sees less economic drag from new wave of infections

10/20/2020 | 02:30pm EST

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)


© Reuters 2020
Latest news "Economy & Forex"
05:59pSupreme Court Justices Question IRS Shield in Tax-Shelter Case -- 2nd Update
DJ
05:55pA MORE ACCESSIBLE AND SUSTAINABLE WORLD : A Disability-inclusive Response to COVID-19
PU
05:49pFDA chief Hahn says mid-December vaccine approval just 'possible' - ABC News
RE
05:46pScarce early vaccine supply should go to health workers, nursing homes -U.S. health advisers
RE
05:27pGlobal equity markets jump, bonds dip, on hopes of vaccine-led recovery
RE
05:23pSupreme Court Justices Question IRS Shield in Tax-Shelter Case -- Update
DJ
05:21pNew Zealand Export Purchasing Power Fell in 3Q
DJ
05:15pHouse seen backing bill that could block Chinese firms from U.S. securities markets
RE
05:11pUtilities Recoup Some Losses, But Still Down For Year - Utilities Roundup
DJ
05:09pDisney consolidates TV studios as part of focus on streaming
RE
Latest news "Economy & Forex"