- Says he strongly supported faster taper
- US economy is closing in on maximum employment
- Omicron variant is 'big uncertainty'
- Taper gives increased flexibility to adjust policy as early as the spring
- Inflation has broadened
- Baseline outlook is for inflation to moderate but watching expectations closely
Waller is a hawk but calling for an quick rate hike after the sped-up taper is especially hawkish. This is certainly a shift. Previously he had said he wanted to have 'space' to hike as soon as Q2 but now he's calling for it.
