Before reducing the pace of those purchases, Kaplan said, he would want to see “evidence that we’ve weathered the pandemic,” including a decline in COVID-19 cases and hospitalizations. He would also want to see a decline in unemployment and progress toward reaching the Fed’s 2% inflation goal, he told the Forecasters Club of New York in a virtual forum. But once those benchmarks are met, the economy would be a lot healthier “if you can wean off some of these extraordinary measures,” he said.
Source: Economy - investing.com
