October 18, 2013 / 6:56 PM / 4 years ago

Fed's Evans: fiscal austerity undercutting effect of easy Fed policies

Chicago Federal Reserve Bank President Charles Evans speaks during the Sasin Bangkok Forum July 9, 2012. REUTERS/Sukree Sukplang

CHICAGO (Reuters) - Chicago Federal Reserve Bank President Charles Evans on Friday said the Fed’s easy money policies are not leading to fast economic growth “in large part” because of U.S. fiscal austerity.

If government spending were exuberant, the economy would be growing more quickly, as it did in other U.S. recoveries, Evans said. Reductions in government spending are dragging on the economy, he said.

Reporting by Ann Saphir; Editing by Chizu Nomiyama

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