“We have the ability to do additional asset purchases. We’ve got plenty of dry powder,” Kaplan said in an interview with Bloomberg Radio. Kaplan said he expects the U.S. economy to shrink by about 4.5% this year and for unemployment to end 2020 at around 8%. Whether the data actually is better or worse than his forecast, he said, will depend people’s use of masks, testing, and contact tracing.
Source: Economy - investing.com
