(Reuters.) Federal Reserve policymakers will likely accelerate the winddown their bond-buying program at later meetings this month. The meeting comes despite disappointing November job growth. As they seek to obtain insurance for future inflation,

According to a U.S. Labor Department report, 210,000 U.S. jobs were added last month. This is less than economists expected. The average hourly wage increased 4.8% over the last 12 months, while the unemployment rate fell to 4.2%.

Since March 2020, the Fed has maintained interest rates at near zero. The Fed announced last month that it would reduce its $120 billion monthly bond purchase at a rate that will end them completely by June 2022, due to substantial improvements in the labor market.

However, Fed Chair Jerome Powell has noted that inflation is still high and there have been strong job gains. Powell stated that the Fed would speed up taper for a few more months at its next meeting, Dec. 14-15 to permit earlier tightening of monetary policy if necessary.

Sameer Samana is a senior global market strategist. “This won’t do anything for the Fed to stop a faster taper,” he said. Wells Fargo (NYSE:) Investment Institute called the “solid” jobs report. “I don’t know if there are any changes in their mind.”

In remarks to the Missouri Bankers Association on Friday, James Bullard, President of the St. Louis Fed, called upon the central bank’s to remove accommodation quicker in the upcoming meetings citing the “inflation surprise” in 2021.