Chicago Fed chief sees 10.5 percent U.S. jobless peak: report (IOW, higher than 10.5%)
PARIS (Reuters) - Chicago Federal Reserve President Charles Evans expects U.S. unemployment to peak at around 10.5 percent next spring and hopefully easing to about 9.5 percent by end-2010, according to comments published on Monday. "The best guess would be that we will probably plateau in the spring," the Financial Times quoted him as saying. "I would expect that we'll level off and have the same unemployment rate for a few months probably, before it starts to come down. And it might even go up and down for a couple of months." Evans had been "a little surprised" by recent...
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Tags: Best Guess, Charles Evans, Chicago Fed, Fed Chief, Federal Reserve, Financial Times, Paris, Peak Report, Plateau, President Charles, Reuters, Unemployment Rate, X22