“That backstop role might be important for quite some time, so it’s disappointing," he said. The Fed quickly issued a statement urging that “the full suite" of measures be maintained into 2021. Fed watchers increasingly expect them to announce changes to their bond-buying program to provide more stimulus as the pandemic worsens and the economic outlook deteriorates. Evans said policy makers didn’t necessarily need to take such action in December. “We are in a pretty good place at the moment to sort of see how everything is going to play out," Evans said.

Source: Mint November 20, 2020 14:37 UTC