The Federal Reserve has the appropriate policies in place right now and will remain accommodative until the economy improves, Chicago Fed President Charles Evans told CNBC in an exclusive interview on Thursday.
Evan said on "Squawk Box" he's optimistic that the economy is improving, but the unemployment rate probably won't get to 6.5 percent until mid-2015. The 6.5 percent target is what the Fed set as a goal for winding down its low interest rate policy. The latest jobless rate reading was 7.9 percent last month.
(Read More: Economy Adds Another 157,000 Jobs; Rate Up to 7.9%)
The Fed has not set targets for how long it will keep quantitative easing going, but Evans said the bond-buying program may need to continue for another six months to a year.
(Read More: No Wall Street Consensus on When & How QE Ends)
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