Kansas City Fed President Esther George said, “my own preference would be to opt for running down the balance sheet earlier rather than later as we plot a path for removing monetary accommodation.”
Separately, Cleveland Fed President Loretta Mester said, “If the economy in March looks like it does today and the outlook is similar … then I would support moving the funds rate up at that meeting and starting to move back from some of the extraordinary accommodation we needed earlier in the pandemic.”
