Powell Can See Wrapping Up Taper a Few Months Sooner

The transcript discusses elevated inflation pressures and improvements in labor market indicators without a corresponding increase in labor supply. It highlights strong economic growth and spending, suggesting significant growth in the coming months. The speaker mentions that asset purchases add accommodation to the economy, but given the strong economy and high inflationary pressures, it is appropriate to consider ending asset purchases sooner than planned. Upcoming meetings will discuss this, taking into account new labor and inflation reports, as well as the impact of a new COVID variant.

What upcoming reports does the speaker mention that will influence their decision?

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What is the significance of the new COVID variant in the context of the speaker's discussion?

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