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Evans Discusses Economy With Iowa Bankers

Media Center:Evans Discusses Economy With Iowa Bankers

Last Updated: 12/3/2020 4:01 PM

Evans Discusses Economy With Iowa Bankers

Last week, Charlie Evans, president and CEO of the Federal Reserve Bank of Chicago, addressed Iowa bankers during the Iowa Bankers Association’s Leaders Speaker Series.

Evans, who serves on the Federal Open Market Committee and the Federal Reserve System’s monetary policymaking body, provided insight on the economy and key regulatory issues facing banks. Specifically, he discussed the economy and the effect that pandemic has had this year. While he said the coronavirus dealt a severe blow to the economy, the U.S. has seen some sectors rebound. He indicated it would likely be spring before they will be able to determine the momentum of the recovery. He did note that Iowa seems to be doing better than other parts of the country, particularly in unemployment numbers, where Iowa’s rate is 3.6% compared to the U.S. rate of 6.9%. Evans also touched on the importance of another stimulus package, monetary policy, the federal funds rate, inflation and Project Hometown, the Chicago Fed’s new community development project.

Registered attendees of the Leaders Speaker Series receive recordings of each session. Along with Evans’ session, that also includes presentations by Federal Deposit Insurance Corp. Chairman Jelena McWilliams, Acting Comptroller of the Currency Brian Brooks, global strategist and author Peter Zeihan, and Charlie Cook of the Cook Political Report. The series will conclude at 10 a.m. Dec. 10, with a business leaders panel that includes CEOs from Ruan Transportation, Mercy Health Network and Corteva Agriscience.

Register for the Leaders Speaker Series.

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