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Highlights of Chicago Fed's Evans...............>

FED
FED: Highlights of Chicago Fed's Evans presentation Monday, similar to remarks
he gave last week:
* "Reasonable to assume a legitimate return to growth in the second half of 2020
and into 2021" but "the likelihood of the baseline scenario may only be a bit
higher than that of the more pessimistic possibilities."
* "Relaxing a stay-at-home policy is a bold decision with pretty high risks, in
my opinion. In any event, we should learn something from these decisions."
* "Investments in worker safety are clearly necessary. But, of course, they also
are costly and reduce productivity... Therefore, another key factor to recovery
will be the availability of financial resources to sustain and expand these
efforts."
* "The Fed is providing additional help -- including money market lending
support, corporate credits, and Main Street lending -- within the restrictions
placed by the Federal Reserve Act. Accordingly, we can only provide lending and
must be careful to avoid losses."
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com

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