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Fed's Evans says still 'a long ways to go' on U.S. recovery

·1 min read

Nov 23 (Reuters) - Chicago Federal Reserve Bank President Charles Evans said Monday he is "optimistic" about the U.S. recovery, but added that there is still "quite a long ways to go" before the economy is back to full strength, and further fiscal support would be helpful.

"If the economy picks up next year and we get on top of the virus," Evans told the Iowa Bankers Association, "we are going to be in a much better situation." Probably by next spring there will be more clarity on the momentum for the economy and the labor market, he said. (Reporting by Ann Saphir; Editing by Andrea Ricci)