Easy Money Whores Like Chicago Fed's Evans Demand MORE
The U.S. central bank's liquidity support was helpful in containing the 2008 financial crisis but it could have done more, Federal Reserve Bank of Chicago President Charles Evans said on Tuesday.
"While the liquidity support we provided the economy was very helpful, it was clearly not enough," Evans, who is not a voting member of the U.S. interest rate-setting panel, said during a panel session at a seminar in Seoul.
"Given the huge resource gaps, and low and declining inflation, more monetary accommodation was appropriate," he added. He did not comment on the future policy of the Federal Reserve or on the economic situation.
Man, there's no pleasing these whores, is there?