02:17 PM EDT, 08/19/2024 (MT Newswires) -- Minneapolis Federal Reserve Bank President Neel Kashkari (nonvoter) said in an interview with the Wall Street Journal that it would be appropriate to discuss lowering interest rates at the next Federal Open Market Committee meeting on Sept. 17-18 due to slowing inflation and concerning labor market data.

Recent comments of note:

(Aug. 18) San Francisco Fed President Mary Daly (voter) said in a Financial Times interview that the FOMC should move gradually, but it is time to consider lowering interest rates.

(Aug. 16) Chicago Fed President Austan Goolsbee (nonvoter) said the FOMC needs to be cautious not to maintain rates too high now that there are signs that the economy is slowing, adding that a gradual approach to policy adjustment is best.

(Aug. 15) St. Louis Fed President Alberto Musalem (nonvoter) said the time for the FOMC to reduce interest rates is nearing, noting recent inflation reports lifted his confidence that price pressures are easing and the risk to employment of waiting too long to lower rates is rising.

(Aug. 13) Atlanta Fed President Raphael Bostic (voter) said federal funds rate cuts are likely this year, but that he needs to see more evidence that the downward trajectory in inflation seen over the last few months is sustained before lowering rates. Bostic repeated that there are risks to cutting rates too early, particularly the need to raise rates again quickly if inflation rebounds, and risks to cutting too late, though he said that he does not see the possibility of a recession. Bostic also said that politics do not play a role in the Fed's decisions and that the FOMC will act as needed regardless of the timing of the elections.