NEW YORK, March 25 - Whether or not the U.S. Federal Reserve completes its $600 billion bond buying program will depend on how the economic outlook and inflation expectations evolve, a top Fed official said on Friday.
“It depends on how the outlook evolves over the next couple of months,” Philadelphia Federal Reserve Bank President Charles Plosser said in response to a question on whether the Fed should curtail the program, which is scheduled to end in June. Plosser was answering reporters questions after giving a speech at an Economics21 event.
“Clearly if inflation expectations look like they’re beginning to get away from us, then we need to change course,” he said.
Reporting by Kristina Cooke and Edith Honan