Chicago Federal Reserve president Charles Evans said growth in “the US economy has slowed but is still robust”, during a panel discussion in Hong Kong on Monday. Photo: K.Y. Cheng
Chicago Federal Reserve president Charles Evans said growth in “the US economy has slowed but is still robust”, during a panel discussion in Hong Kong on Monday. Photo: K.Y. Cheng

US recession chance ‘no more than 25 per cent’ says Chicago Federal Reserve chief as fear grips markets

  • Asian stock markets plunged on Monday, with benchmark indices declining from Seoul to Sydney, after the Dow Jones Industrial Average plunged on Friday
  • Charles Evans says the US Federal Reserve’s monetary policy is appropriate and it is keeping its eyes on economic data

Chicago Federal Reserve president Charles Evans said growth in “the US economy has slowed but is still robust”, during a panel discussion in Hong Kong on Monday. Photo: K.Y. Cheng
Chicago Federal Reserve president Charles Evans said growth in “the US economy has slowed but is still robust”, during a panel discussion in Hong Kong on Monday. Photo: K.Y. Cheng
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