Fed’s Mester: A quicker taper gives the central bank 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 times next year if necessary.

developing story ...