02:41 PM EST, 12/02/2024 (MT Newswires) -- Atlanta Federal Reserve 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 a faster easing of monetary policy is required.

Recent comments of note:

(Nov. 26) The minutes of the Nov. 6-7 Federal Open Market Committee meeting showed that almost all participants agreed the risks to inflation and employment goals remained roughly in balance and that it would be appropriate to lower interest rates gradually, but emphasized the FOMC should be ready to move faster or slower to reduce rates based on the underlying data.

(Nov. 25) Minneapolis Fed President Neel Kashkari (nonvoter) said in an interview with Bloomberg that it is "reasonable" for the FOMC to consider a rate reduction at its December meeting.

(Nov. 21) Chicago Fed President Austan Goolsbee (nonvoter) said that while interest rates are likely to be lower a year from now than they currently are, there is uncertainty about how far rates will need to be lowered and how quickly they will get to that point.

(Nov. 20) Boston Fed President Susan Collins (nonvoter) said that she expects further rate reduction will be appropriate, but it will depend on the incoming data and not a preset path. Collins emphasized the need for the FOMC to move cautiously.

(Nov. 20) Fed Governor Lisa Cook (voter) said that the pace of interest rate reductions can be accelerated or slowed based on incoming data and conditions and that she is keeping an open mind rather than seeing monetary policy on a preset course.

(Nov. 20) Fed Governor Michelle Bowman (voter) said that the FOMC should move carefully when lowering rates as upside risks to inflation remain that could reignite if demand is lifted too rapidly by looser monetary policy.