02:07 PM EST, 01/03/2025 (MT Newswires) -- Richmond Fed President Tom Barkin (nonvoter) said Friday that his baseline economic outlook is "positive" for 2025, with risks tilted toward the upside for growth and inflation with an expectation of more hiring than firing in the labor market.

Recent comments of note:

(Dec. 20) San Francisco Fed President Mary Daly (nonvoter) said that she is comfortable with the projection of two rate cuts in 2025, especially given the uncertainty in the outlook over the coming year and the balancing act between lowering inflation and preventing unemployment from rising.

(Dec. 20) Cleveland Fed President Beth Hammack (nonvoter) said that she dissented at the December FOMC meeting because of the strength of the economy and the belief that inflation will remain above the 2% target over the next year with risks skewed to the upside.