Fed Evans expects the US unemployment rate to drop to 4.5% in 2021

Chicago Fed President Evans speaking on his outlook for the economy 

Its a Q&A event 

  • expects the US unemployment rate to drop to around 4.5% this year
  • expects 6.5% GDP growth this year
  • there are a lot of reasons to be optimistic, but there are also concerns 

Evans, too, restates the changed paradigm at the Fed:

  • we are looking for actual improvement in the economy and won’t backtrack (on easing) only on the basis of a forecast

 more to come  

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