02:29 PM EST, 11/12/2025 (MT Newswires) -- Atlanta Fed President Raphael Bostic (nonvoter) said that he will retire when his current term ends on Feb. 28.

In comments later in the day, Bostic said the current stance of monetary policy is "marginally restrictive" and does not require immediate action from the FOMC, but added that he would be open to changing his mind if incoming information suggests a need for a different path.

New York Fed President John Williams (voter) reiterated that the Fed will need to resume bond purchases to maintain ample reserves but emphasized again that those purchases would be technical and not an adjustment to monetary policy.

Fed Governor Stephen Miran (voter) repeated that the stance of monetary policy is "too restrictive," suggesting that inflation is lower than outdated data have shown and that monetary policy occurs with a lag, urging the FOMC to continue lowering its policy rate.

Recent comments of note:

(Nov. 7) Fed Vice Chair Philip Jefferson (voter) said that the FOMC should move cautiously as it lowers the federal funds rate closer to neutral, focusing on incoming information to determine the pace meeting by meeting, and suggested that the current policy rate is "still somewhat restrictive."

(Nov. 6) Cleveland Fed President Beth Hammack (nonvoter) said that inflation remains high, arguing against a further interest rate cut and saying that monetary policy remains only "barely restrictive."

(Nov. 6) Chicago Fed President Austan Goolsbee (voter) urged caution when considering further rate reductions, especially with key government data on inflation and employment not currently available.

(Nov. 5) Miran said in an interview with Yahoo Finance that he believes it would be appropriate for the FOMC to continue lowering interest rates at its December meeting despite the lack of government data releases, indicating that he would like to get the policy rate closer to neutral quickly.

(Nov. 4) Fed Vice Chair for Supervision Michelle Bowman (voter) said that the softening jobs market is a greater issue currently than inflation being slightly above target.