Comments from the St Louis Fed President

Comments from the St Louis Fed President
  • There are many parameters around any tapering decision
  • It's clear some of the higher inflation is temporary
  • We're in a situation where we can taper, should keep options open
  • It's time to end these emergency measures
  • We've made a lot of progress in the labor market
  • Some of the gain in inflation could hang into 2022

Bullard wants some flexibility on the taper process rather than some kind of 10B/month plan for a year starting in January. I think he's going to lose that battle.