01:42 PM EDT, 06/03/2025 (MT Newswires) -- Fed Governor Lisa Cook (voter) said that the US economy remains in a good position, but uncertainty due to the changes in trade policy are making the job of monetary policy more difficult and that the likelihood of higher inflation and slowing labor markets conditions is increasing due to trade policy.

Atlanta Fed President Raphael Bostic (nonvoter) said in an essay that it makes sense for the Federal Open Market Committee to be patient when considering changes to monetary policy due to the uncertainty in the economic outlook. Bostic said that he is "in no hurry" to adjust the policy stance.

Recent comments of note:

(June 2) Dallas Fed President Lorie Logan (nonvoter) said that the FOMC can be patient before adjusting interest rates given the uncertainties that exist.

(June 1) Fed Governor Christopher Waller (voter) said that he supports further rate cuts later in the year, citing the possibility that the impact of tariffs on inflation could be temporary. The strong labor market and recent slowing inflation allows for patience when making policy decisions, Waller said.

(May 29) San Francisco Fed President Mary Daly (nonvoter) said that monetary policy remains in a good place to make progress on inflation but said that she does not see inflation slowing to the 2% goal this year. Daly added that the FOMC remains cautious as it waits to see the impact of tariffs.

(May 29) Federal Reserve Chairman Jerome Powell (voter) met with President Trump, telling Trump that the FOMC will make policy decisions "based solely on careful, objective, and non-political analysis," according to a statement released by the Fed.