tweet at 11:39am: FED'S DALY: U.S. LABOR MARKET LOOKS VERY STRONG tweet at 11:39am: DALY: U.S. REMAINS MILLIONS OF JOBS SHORT OF PRE-PANDEMIC LEVEL tweet at 11:41am: DALY: DON'T THINK FOR MONETARY POLICY SHOULD ACCEPT TODAY'S LABOR MARKET AS WHAT WE WANT TO SEE IN THE FUTURE tweet at 11:41am: DALY: WE ARE CLOSING IN ON ACHIEVING OUR TWO GOALS IN SHORT RUN https://t.co/NUzfXnCllg tweet at 11:45am: Daly Adds: Right Now 'Very Appropriate' To Taper Asset Purchases So Be Out Of It By End Of March Normalizing Balance Sheet Would Come After Raising Interest Rates

tweet at 3:01pm: *BULLARD SAYS IN DECEMBER, HE PENCILED IN 3 2022 RATE INCREASES tweet at 3:01pm: FED'S BULLARD: WITH A SMALLER BALANCE SHEET AND A HIGHER POLICY RATE, BOTH ENDS OF THE YIELD CURVE SHOULD CLIMB IN LOCKSTEP. tweet at 3:02pm: FED'S BULLARD: FED IS "EXTREMELY SHOCKED" BY THE DEGREE OF INFLATION, AND IT IS "INCUMBENT" ON THE CENTRAL BANK TO ACT IN ORDER TO MAINTAIN ITS CREDIBILITY. tweet at 3:03pm: FED'S BULLARD: I AM UNSURE HOW MUCH OF INFLATION MANAGEMENT WILL BE DEPENDENT ON NATURAL MODERATION VS FED ASSISTANCE. tweet at 3:04pm: FED'S BULLARD: BALANCE SHEET RUNOFF SHOULD START SHORTLY AFTER THE INITIAL INTEREST RATE HIKE.