02:27 PM EDT, 05/20/2025 (MT Newswires) -- St. Louis Fed President Alberto Musalem (voter) said that monetary policy is "well positioned" to address changes in the economic outlook and that policy will depend on how tariffs impact inflation and the job market.

Recent comments of note:

(May 19) New York Fed President John Williams (voter) said that 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.

(May 19) Minneapolis Fed President Neel Kashkari (nonvoter) said that uncertainty about tariffs has a negative impact on investor sentiment and has discouraged businesses from making decisions about hiring.

(May 19) 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.

(May 15) Fed Chairman Jerome Powell (voter) said there is greater risk of inflation swings now than in previous periods, something that the FOMC 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.