Waller backs March Fed liftoff, Daly sees two or three 2022 hikes

Fed Chair Jerome Powell and his colleagues agreed on Wednesday to double the pace at which they wind down their bond-buying program, putting them on track to wrap it up by mid-March

Federal Reserve Governor Christopher Waller said a faster wind-down of the U.S. central bank’s bond-buying program positions it to start raising interest rates as early as its March meeting to contain inflation that is “alarmingly high.”

“The whole point of accelerating the tapering was to end it much faster in March so the March meeting could be a live meeting. That was the intent,” Waller said Friday in response to a question after a speech to the Forecasters Club of New York. “It’s going to depend on what the data comes in, but March is a live meeting for the