CHICAGO Nov 19 The Federal Reserve's biggest
challenge today is the credibility of its promise to boost jobs
and bring excessively low inflation back to the Fed's 2-percent
goal, a top Fed official said on Tuesday.
People need to understand that the Fed is "here to deliver"
on both goals, and probably continue to buy bonds until the
total purchases under the current bond-buying program reaches
about $1.5 trillion, Chicago Federal Reserve Bank President
Charles Evans told the Illinois Bankers Association.
"I would say the benefits far outweigh the costs" for now,
Evans said, of the Fed's $85-billion-a-month bond-buying
"We are going to keep at it," he said.