02:11 PM EST, 01/31/2025 (MT Newswires) -- 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.

Recent comments of note:

(Jan. 29) The FOMC 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 need to hurry to lower rates given strength in the labor market and the heightened rate of inflation. Powell would not comment on US President Donald Trump's demand for lower interest rates.