02:34 PM EST, 01/08/2025 (MT Newswires) -- Fed Governor Christopher Waller (voter) said that he would support further rate cuts in 2025 if the economy evolves as expected and that he does not foresee a significant impact on inflation from anticipated tariffs imposed by the incoming Trump administration.

Minutes of the Dec. 17-18 FOMC meeting showed that FOMC saw itself at or near the point where it could lower rates more slowly after 100 basis points of rate reduction over three meetings.

Recent comments of note:

(Jan. 6) Fed Governor Lisa Cook (voter) said the FOMC can afford to act cautiously when considering future rate reductions after the full percentage point of rate reductions taken over the last three meetings.

(Jan. 6) 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 pushed back against tighter banking restrictions and more transparency on how banks are addressing environmental concerns.

(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.