5/5, 6:42 PM (Source: TeleTrader)
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'Reasonable' to expect growth to recover after June - Fed's Evans

Federal Reserve Bank (Fed) President Charles Evans claimed it is "reasonable" to expect the United States economy to recover growth after June, adding that it would "involve a lot of things going right." Nevertheless, he refused to write off more pessimistic scenarios as the "path of the economy is not yet clear."

In a conference call with reporters on Tuesday, Evans asserted that disinflation was more likely than inflation in the coming months. However, he believes that the Fed won't increase its interest rates in the near future.

The head of Fed Chicago stressed that United States President Donald Trump administration made "a bold decision, with pretty high risks" when it opted to reopen the country's economy. "We’re all anxious to know more about how this is going to work out. This summer, I think we will have a better idea," Evans said.

Breaking the News / GA