Fed’s Evans Calls for Possible Revamp of U.S. Financial Regulation
By Ann Saphir
January 5, 2021, Reuters
Chicago Federal Reserve President Charles Evans on Tuesday raised the possibility that U.S. financial regulation and supervision may be due for an overhaul, given the new reality that interest rates are likely to be low for a long time.
The Fed recently undertook just such a review of its monetary policy framework, culminating in the adoption last August of a new strategy that targets 2% inflation on average and seeks to rectify shortfalls, but not overshoots, on the Fed’s full employment goal.
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