02:53 PM EDT, 05/19/2025 (MT Newswires) -- New York Fed President John Williams (voter) said that the monetary policy is in a good position to deal with how the economy progresses but noted that considerable uncertainty remains and is not likely to be resolved by the time of the June 17-18 meeting.

Minneapolis Fed President Neel Kashkari (nonvoter) said that uncertainty about tariffs has negatively impacted investor sentiment and has discouraged businesses from making decision about hiring.

Atlanta Fed President Raphael Bostic (nonvoter) said that he sees only one rate cut in 2025 due to inflation concerns resulting from larger-than-expected tariff plans.

Recent comments of note:

(May 15) Fed Chairman Jerome Powell (voter) said there is greater risk of inflation swings now than in previous periods, something that the Federal Open Market Committee will need to take into consideration as it proceeds through its policy framework review. Powell repeated that anchoring inflation expectations will remain a key part of the framework, as will the 2% inflation target.

(May 14) San Francisco Fed President Mary Daly (nonvoter) said that the FOMC can wait for more clarity on the likely impact of tariffs on the economy before making policy decisions.

(May 14) Fed Vice Chair Philip Jefferson (voter) said that tariffs are likely to boost inflation, but there is still uncertainty about the magnitude and duration of the impact and added that monetary policy is well positioned to deal with whatever scenario occurs.