02:36 PM EST, 02/27/2025 (MT Newswires) -- Kansas City Fed President Jeff Schmid (voter) said that the FOMC must remain vigilant given the uptick in inflation expectations and recent inflation data that show progress toward the 2% inflation goal may have stalled.

Recent comments of note:

(Feb. 25) Richmond Fed President Tom Barkin (nonvoter) said that the FOMC should remain cautious in the face of uncertainty and suggested that tighter policy may be needed if inflation headwinds persist. The FOMC should remain "modestly restrictive" until it is certain that inflation is moving down to the 2% target.

(Feb. 20) Fed Governor Adriana Kugler (voter) said that the Fed has more work to do on inflationary while downside risks to employment have diminished, suggesting that the FOMC should leave the current federal funds rate range in place "for some time."

(Feb. 20) Atlanta Fed President Raphael Bostic (nonvoter) said in an essay that the US economy remains strong, but the FOMC needs to remain vigilant in the face of uncertainties that could change that firm footing.

(Feb. 20) St. Louis Fed President Alberto Musalem (voter) said that he is concerned about rising inflation expectations as well as changes in fiscal policy that could require the FOMC to act by keeping policy restrictive for longer than expected or even tighten policy. He suggested that the risk of stagflation -- a combination of high inflation and slow growth -- could not be ruled out.