Fed's Evans: Economy is about 91% recovered, still have a ways to go

Chicago Federal Reserve President Charles Evans says that the US economy is about 91% recovered, still have a ways to go and that the recovery is uneven.

He said disadvantaged sectors of the US economy have a long slog to get back and that the disadvantaged sectors of the US economy have a long slog to get back.

In additional comments, Evans said that under good circumstances, he sees the US unemployment rate at 5.5% end of 2021

and that fiscal policy could play an important role in whether the economy might stall.

Evans says no level of employment is too high and he says they don't want to prematurely short-circuit expansion unless inflation is unacceptably high.