02:51 PM EST, 12/03/2024 (MT Newswires) -- Fed Governor Adriana Kugler (voter) repeated that monetary policy is not on a preset course and that decisions are made on a meeting-by-meeting basis based on incoming data, the outlook and the balance of risks.

Kugler added that she continues to monitor for incoming risks and negative supply shocks and that monetary policy is well positioned to deal with any surprises.

Recent comments of note:

(Dec. 2) New York Fed President John Williams (voter) said that he expects interest rates to continue to decline, but repeated that the timing and pace of rate reductions will depend on the incoming data.

(Dec. 2) Fed Governor Christopher Waller (voter) said that he is leaning toward supporting another rate reduction at the December Federal Open Market Committee meeting but said that the incoming data on employment and inflation will help determine whether to lower interest rates further or to hold them steady at the upcoming meeting.

(Dec. 2) Atlanta Fed President Raphael Bostic (voter) said that the US economy is on a good footing but cautioned that uncertainties remain and that a faster than expected slowdown in labor market strength could mean that a faster easing of monetary policy is required.