Fed's Evans: More fiscal relief needed

Chicago Fed Pres. Evans speaking

• more fiscal relief needed, cites large potential hole in aggregate demand as prior 8 expires
• United States taking serious, unnecessary risks by not extending more federal aid to out of work households
• people, businesses and minority neighborhoods have borne unfair, outsize burden from pandemic recession
• inclusive recovery difficult until we've made sufficient progress in controlling virus
• sees inequalities steepening the longer the pandemic, recession continues
• repeats Fed is committed to using full range of tools until confident economy on track to full employment, stable inflation

Fed's Evans is a nonvoting member on the FOMC in 2020.