Fed's Evans says tapering could be delayed for a few months

FXstreet.com (Barcelona) - Chicago Fed chief Charles Evans said on Monday that the Federal Reserve might delay its QE taper action for a few additional months as it needs further evidence progress is being made in the US labour market.

Evans outlined that a December taper will probably be too optimistic, despite saying "we’re doing our best to recover the economy." He does not contemplate financial stability risks at the moment, while adding to favour no limit to monetary accommodation as best fit for a meaningful economic recovery. Lastly, Evans admitted QE exit strategy may take longer than previously expected due to budget impasses.