Federal Reserve Bank of Cleveland President Loretta Mester speaking with Bloomberg

  • Says that she is 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

Seats are filling up fast on the faster taper bandwagon express.