Fed's Evans: QE III and Fed's Monetary Policy Easing Will Continue Until Unemployment Falls Below 7%
CNBC's Steve Liesman interviews Chicago Federal Reserve President Charlie Evans October 1, 2012 Rough Transcript: let's get to our newsmaker of the morning. steve liesman joins us from chicago with a very exclusive interview. steve? yes, thanks very much. i'm here in chicago with the chicago federal reserve president charlie evans. nice to be here. a year ago you laid out this idea of pegging policy to unemployment, and to inflation, given what the federal reserve just did, do you feel vindicated and the follow-up to that is do you feel satisfied, is it enough? well, last year i was here and i was talking a lot about our dual mandate responsibilities and i mentioned that with the unemployment rate at that time at 9% that was unacceptably high and we need to focus more on our dual mandate responsibilities. i feel good that our most recent statement and policy is focusing on strongly on the labor market, we're looking for substantial improvement i...