CHICAGO (Reuters) - If the Federal Reserve were to clarify what economic conditions would cause it to finally tighten monetary policy, that would help inform financial markets that remain uneasy about timing, a top Fed official said on Monday.
“Markets are still a bit nervous that the Fed will take back some of the accommodation in place,” said Chicago Federal Reserve President Charles Evans, speaking at a business dinner.
Evans has long advocated more policy easing by the U.S. central bank. He also wants a statement of the inflation and unemployment conditions that would be necessary for the Fed to raise interest rates after some three and a half years of rates near zero.
Reporting by Jonathan Spicer; Editing by Leslie Adler