02:44 PM EST, 11/14/2025 (MT Newswires) -- Kansas City Fed President Jeffrey Schmid (voter) said that the current stance of monetary policy is "modestly restrictive," which he said is appropriate given continued concerns about inflation and suggested that the risk of lowering rates further is tilted toward damaging the Fed's inflation fight.

Recent comments of note:

(Nov. 13) San Francisco Fed President Mary Daly (nonvoter) said that she has an open mind regarding whether a further rate reduction at the FOMC's December meeting is needed, saying that it "premature" to say at this point what the right decision will be.

(Nov. 12) Atlanta Fed President Raphael Bostic (nonvoter) said that he will retire when his current term is done on Feb. 28, 2026. In comments later in the day, Bostic said that 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 change his mind if incoming information suggest a need for a different path.

(Nov. 12) New York Fed President John Williams (voter) reiterated that the Fed will need to resume bond purchases to maintain amble reserves but emphasized again that those purchases would technical and not an adjustment to monetary policy.

(Nov. 12) 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Miran (voter) repeated that the stance of monetary policy is "too restrictive," suggesting that inflation is lower than outdated data have shown and that monetary policy occurs with a lag, urging the FOMC to continue lower its policy rate.