In an interservice with Bloomberg, Cleveland Fed President Loretta Mester made some hawkish comments on speeding up the taper and likely rates in the next year.
Key quotes
A quicker taper gives the Fed room to hike earlier if needed
Open to the idea of a quicker pace of tapering.
Momentum in the economy is apparent, as shown by rising inflation rates.
The Omicron variant is a new risk, but further research is needed.
The economy has learned to deal with waves of covid waves during the pandemic.
Fed should be capable of hiking rates a couple of time next year if necessary.
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