Fed's Evans: Highly accommodative policy appropriate 'for some time to come'

Comments from the Chicago Fed President:

• Outcome-based forward guidance for interest rates and bond-buying could be beneficial in the 'not-too-distant' future
• More fiscal relief is needed
• Long way to go before economy back to normal
• Sees economic activity curbed until virus controlled
• Sees late-2022 return to peak economic levels if virus is controlled
• Inflation to run under Fed's 2% goal 'for some time'
• Expect unemployment around 9% at year end