02:42 PM EST, 11/19/2024 (MT Newswires) -- Kansas City Fed President Jeffery Schmid (nonvoter) said that while there is greater confidence that inflation is slowing toward the 2% goal and that it is appropriate to reduce interest rates, he said that "it remains to be seen how much further interest rates will decline or where they might eventually settle."

Recent comments of note:

(Nov. 15) Chicago Fed President Austan Goolsbee (nonvoter) suggested in an interview with Bloomberg that the Federal Open Market Committee could lower rates by another 25 basis points at its next meeting in December and possibly by another full percentage point in 2025, in line with the most recent Summary of Economic Projections published in September.

(Nov. 15) Boston Fed President Susan Collins (nonvoter) suggested in interviews with the Wall Street Journal and Bloomberg TV that while a December rate cut remains a possibility, it is not a certainty, echoing comments from Fed Chair Powell who said the day before that the FOMC should move cautiously to lower rates.

(Nov. 14) Fed Chairman Jerome Powell (voter) said that the FOMC does not need to be in a hurry to lower rates as the strength of the economy gives the FOMC room to act carefully and with a dependence on data and other incoming information. Powell repeated his comments from last week that the FOMC will take fiscal policy as one input into its decisions but will not speculate on fiscal policy decisions until they occur.

(Nov. 14) Fed Governor Adrian Kugler (voter) said that having an independent central bank is better correlated with positive economic outcomes and lower inflation compared with countries where monetary policy decisions are made by political leaders.