June 12, 2012 / 1:16 AM / 6 years ago

Nervous markets need policy clarity: Fed's Evans

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

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