Mark down another Fed voice in favor of a ‘clear path’ along with tapering announcement

• The Fed’s Fisher says he would back a ‘clear path’ for QE when tapering starts

This is the big shift in Fed rhetoric this month because it means that when a taper announcement comes, it won’t just be a taper announcement but a roadmap to wind down the program.

Plosser, Fisher, Williams and Lockhart are all on board, at least partly.