02:45 PM EDT, 05/13/2024 (MT Newswires) -- Fed Vice Chair Philip Jefferson (voter) said it is appropriate to maintain the federal funds rate in restrictive territory until there is further evidence that inflation is slowing toward the Fed's 2% goal.

Recent comments of note:

(May 10) Federal Reserve Governor Michelle Bowman (voter) said the Federal Open Market Committee should proceed "carefully and deliberately" when making monetary policy decisions to achieve the Fed's 2% goal.

(May 10) Atlanta Fed President Raphael Bostic (voter) told Reuters in an interview he is hopeful the FOMC can cut rates this year and sees a slowdown in inflation as businesses report that their pricing power is limited.

(May 10) Chicago Fed President Austan Goolsbee (nonvoter) said the current level of the federal funds rate is restrictive but may need to remain there for some time. Goolsbee declined to specify a number of rate cuts that expects this year, citing the FOMC's statement that it will depend on the path of inflation.

(May 10) Dallas Fed President Lorie Logan (nonvoter) said it is "too soon" to considering lowering interest rates due to upside risks to inflation, Reuters reported.