Top Fed ‘dove’ calls for more stimulus

By Joseph Lawler

Published February 28, 2014 5:00am ET

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Top Fed ‘dove’ calls for more stimulus — Charles Evans, the president of the Federal Reserve Bank of Chicago, said at a meeting in New York that the Fed to "do more" to boost the economy and let the public know that it won't be deterred by rising inflation. (AP Photo) | Reed Saxon

One of the Federal Reserve system’s top advocates of looser money is calling for the Fed to continue easing even if inflation rises.

Charles Evans, the president of the Federal Reserve Bank of Chicago, said at a meeting in New York Friday that the Fed to “do more” to boost the economy and let the public know that it won’t be deterred by rising inflation. The Fed should “repeatedly state clearly that our 2 percent objective is not a ceiling for inflation,” Evans clarified.

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Federal Reserve Inflation Joseph Lawler PennAve Taper Unemployment