Chicago Fed Evans speech: "The situation........>

FED: Chicago Fed Evans speech: "The situation demands strong fiscal and monetary

policy actions to help support households and businesses through these

challenging times. Policy has already done a lot, but more may be necessary."

-"Without the devotion of adequate resources, we risk a wave of bankruptcies

that destroy businesses, supply chains, and human capital -- all of which may

have taken years to develop."

-"There seem to be both more and larger downside risks than upside ones -- so I

think the balance of risks to growth is skewed to the downside."

-"My forecast assumes growth is held back by the response to intermittent

localized outbreaks -- which might be made worse by the faster-than-expected

reopenings."

-"My own (unemployment) forecast is in broad alignment with the FOMC median."

-"My forecast has real GDP returning to its pre-pandemic 2019:Q4 level sometime

later in 2022."