02:43 PM EST, 02/03/2025 (MT Newswires) -- Atlanta Federal Reserve President Raphael Bostic (nonvoter) said he believes that a "wait and see" approach to policy making will be appropriate this year due to uncertainty in the outlook, adding that he is willing to wait for clarity before lowing rates.

Recent comments of note:

(Jan. 31) Fed Governor Michelle Bowman (voter) repeated that she favors a "cautious and gradual" approach to monetary policy adjustments going forward, noting that inflation remains elevated and that the current stance of policy appears to not be exerting real restraint on the economy.

(Jan. 29) The Federal Open Market Committee maintained the range of its policy rate at 4.25% to 4.50% at the meeting, as widely expected. The FOMC made small changes to its statement that showed inflation remains elevated, while removing an acknowledgement of progress, while at the same time saying that labor market conditions are solid rather than easing and that the unemployment rate has stabilized at a low rate.

(Jan. 29) Fed Chairman Jerome Powell (voter) said the FOMC does not need to hurry to lower rates given strength in the labor market and the heightened rate of inflation. Powell did not comment on US President Donald Trump's demand for lower interest rates.