Powell Doesn't Expect Fed Rate Liftoff Before Taper Ends

The transcript discusses the process and considerations of tapering, emphasizing the flexibility to adjust the pace based on economic conditions. It compares the current economic situation to that of 2013, suggesting a shorter tapering period due to economic progress. The discussion also covers the relationship between tapering and rate liftoff, highlighting the importance of aligning these processes to ensure they work in the same direction.

What does the speaker imply about the relationship between asset buying and rate liftoff?

In what situation does the speaker suggest it would be wise to speed up the taper?