Fed would have benefited from earlier decision to taper, end QE in 2021

That would have allowed for earlier rate hikesWould have supported either waiting to slow QT pace or a more tapered slowing in balance sheet run-offIn the future, Fed should signal that QE is temporary and unwound when market conditions normalisePrefer for FOMC statements to use more words to describe current economic assessment (Mester)Also to describe how it influences the outlook and the risks to that outlook (Mester)Expects the Fed will consider communications as part of its next policy framework review (Mester)There's nothing in there that touches on the current policy settings. It's mostly a lot of the nuances involving monetary policy and the communique behind that. But I guess the he

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