02:42 PM EST, 02/18/2025 (MT Newswires) -- San Francisco Fed President Mary Daly (nonvoter) said that monetary policy should not be eased further until there is additional progress on reducing inflation.

Recent comments of note:

(Feb. 17) Fed Governor Michelle Bowman (voter) said that she would like to see more progress on inflation before considering further rate reduction, citing greater risks to price stability as the labor market remains strong.

(Feb. 17) Fed Governor Christopher Waller (voter) said that tariffs should have only a modest impact on prices, and only a temporary impact in any cases, so those effects should not impede the FOMC from making monetary policy decisions.

(Feb. 17) Philadelphia Fed President Patrick Harker (nonvoter) said that inflation remains elevated, but that it is moving in the correct direction and that, combined with a balanced labor market, suggests that the FOMC should hold rates steady.

(Feb. 12) Atlanta Fed President Raphael Bostic (nonvoter) said that it is uncertain when the next rate reduction will occur, suggesting that the Fed needs to determine the impact of fiscal policy changes, particularly tariffs, on inflation.

(Feb. 11) New York Fed President John Williams said that the US economy is "in a very good place," but said that he remains committed to bringing inflation back down to 2% and that future policy decisions will be based on incoming data and risks to achieving their goals. Williams added that monetary policy is "well positioned" to achieve the Fed's goals but the outlook remains highly uncertain.

(Feb. 11) Fed Chairman Jerome Powell (voter) said that the FOMC does not need to rush to lower rates, but repeated that the FOMC will also be nimble in reacting to incoming data and conditions and could lower rates faster or hold rates steady for longer depending on what is needed, calling monetary policy "well positioned" to address any uncertainties and risks. Powell also committed to tailoring bank regulations to reduce unnecessary burden, saying that large banks' capital remains about right.