Fed's Daly: Fed might need to taper asset purchases faster than anticipated

Federal Reserve Bank of San Francisco President Mary Daly said on Thursday that the Fed might need to taper asset purchases faster than anticipated. 

Additional Comments: 

"Fed may need to start crafting a plan to think about raising interest rates."

"Long-run inflation expectations have been remarkably stable, giving her confidence that people still believe the Fed is credible."

"The Fed's goals are in tension today and officials always need to plan for all scenarios."