Fed’s Evans, Disappointed by Jobs Data, Isn’t Ready for More Fed Stimulus

Wall Street Journal, Dec. 4, 2020–Michael S. Derby (subscription)
Federal Reserve Bank of Chicago President Charles Evans said Friday that although the latest job creation data is disappointing, he wasn’t yet ready to call for changes in central-bank monetary policy. Instead, he said government aid, which can be targeted and deployed quickly, is the most effective way to deliver new support to the U.S. economy right now, and is more potent relative to what the Fed can do with its suite of tools.