Fed's Evans says Fed should be 'aggressive' to counter low inflation in low rate world

PEORIA, Ill. (Reuters) - A low interest rate environment sets limits on what the Federal Reserve can accomplish with monetary policy, making it important for the Fed to "proactively" cut rates when risks appear to provide a buffer for the economy, Chicago Fed President Charles Evans said Wednesday.Evans said that when inflation is low, providing "too much accommodation" can help the U.S. central bank reach its inflation target sooner. In contrast, not acting strongly enough can cause inflation..