Powell Says Fed Could Start Tapering in 2021

The transcript discusses the economic support measures and changes in monetary policy to achieve full recovery. It highlights the progress made in asset purchases and employment goals, while addressing the challenges posed by the Delta variant. The document outlines future plans for reducing asset purchases and clarifies that these actions do not signal immediate interest rate changes. The focus remains on achieving maximum employment and a sustainable 2% inflation rate.

What does the text imply about the future of asset purchases and interest rates?

What is the significance of the 2% inflation target mentioned in the text?