02:46 PM EST, 01/06/2025 (MT Newswires) -- Fed Governor Lisa Cook (voter) said Monday that the Federal Open Market Committee can afford to act cautiously when considering future rate reductions after the full percentage point of rate reductions taken over the last three meetings.

Fed Vice Chair for Supervision Michael Barr (voter) will step down from his position effective Feb. 28 but will remain on the Board of Governors, citing concerns about a dispute over the role in the current environment. Republicans, who will control the White House and both houses of Congress after the inauguration of President-Elect Donald Trump later this month, have particularly pushed back against tighter restrictions and more transparency on how banks are addressing environmental concerns.

Recent comments of note:

(Jan. 4) Fed Governor Adriana Kugler (voter) said that the Fed's inflation fighting job is not complete and that she does not want the recent uptick in inflation to become more persistent.

(Jan. 4) San Francisco Fed President Mary Daly (nonvoter) said that inflation remains "uncomfortably" above the Fed's inflation target but also said that the Fed needs to monitor the labor market for signs of weakness.

(Jan. 3) Richmond Fed President Tom Barkin (nonvoter) said 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.