02:36 PM EDT, 04/03/2025 (MT Newswires) -- Fed Vice Chair Philip Jefferson (voter) said that the Federal Open Market Committee does not need to rush to make monetary policy decisions, particularly due to the current level of uncertainty in the outlook, saying the current stance is suitable to deal with any impending risks.

Recent comments of note:

(April 2) Fed Governor Adriana Kugler said that tariffs could have a long-term impact on inflation rather than just a one-time effect that some are predicting, suggesting that the FOMC should keep interest rates restrictive until there is more clarity on the tariff impact.

March 27) Richmond Fed President Tom Barkin (nonvoter) said that the FOMC's monetary policy stance is appropriate given the heightened level of uncertainty that currently exists, referring to the outlook as fog. Barkin acknowledged that higher tariff rates could lift inflation but said that the exact impact is unknown.

(March 26) Minneapolis Fed President Neel Kashkari (nonvoter) said that uncertainty around tariffs is complicating the Fed's outlook for inflation and shifting consumer sentiment, adding that the current monetary policy stance should be maintained until there is more clarity.

(March 26) St. Louis Fed President Alberto Musalem (voter) said that tariffs could induce inflation to remain above the Fed's 2% target for longer as opposed to having a temporary impact.

(March 25) Fed Governor Adriana Kugler (voter) said that monetary policy is still restrictive and that the FOMC is in a good position to react to changes in the economy and inflation.