Fed's Waller: “Whole point” of accelerating QE taper was to make the March Fed meeting live

Fed Board of Governors member Christopher Waller said on Friday that the "whole point" of the Fed's decision to accelerate the pace of its QE taper was to make the March Fed meeting "live" for a first rate hike. Under his base case scenario, a first rate hike in March is very likely, though it could be pushed back to May.