02:47 PM EST, 11/15/2024 (MT Newswires) -- Boston Federal Reserve President Susan Collins (nonvoter) suggested in interviews with the Wall Street Journal and Bloomberg TV that while December rate cut remains a possibility, it is not a certainty, echoing comments from Fed Chair Jerome Powell the day before that the rate-setting committee should move cautiously to lower rates.

Recent comments of note:

(Nov. 14) Powell (voter) said that the Federal Open Market Committee does not need to be in a hurry to lower rates as the strength of the economy gives the FOMC room to act carefully and with a dependence on data and other incoming information. Powell repeated his comments from last week the FOMC will take fiscal policy as one input into its decisions, but will not speculate on fiscal policy decisions until they occur.

(Nov. 14) Fed Governor Adrian Kugler (voter) said that having an independent central bank is better correlated with positive economic outcomes and lower inflation, compared with countries where monetary policy decisions are made by political leaders.

(Nov. 13) Dallas Fed President Loris Logan (nonvoter) said that the FOMC will need to cuts interest rates further, but the timing and magnitude are still uncertain and that the FOMC needs to be cautious not to over-loosen policy, or it may need to reverse course.

(Nov. 13) Minneapolis Fed President Neel Kashkari (nonvoter) said in an interview with Bloomberg that the October CPI data show that inflation is slowing, but it is too early to decide on monetary policy for the December FOMC meeting.

(Nov. 13) St. Louis Fed President Alberto Musalem (nonvoter) said that he sees the FOMC nearing the end of its inflation fight, but recent data also suggest that the upside risks to that outlook are not entirely absent, and the chances of a labor market deterioration have eased.

(Nov. 12) Richmond Fed President Tom Barkin (voter) said that the US economy is in "a good place," giving the FOMC room to adjust to either upside or downside surprises, particularly with regards to the labor market.

(Nov. 12) Kashkari said that the FOMC will be data dependent when determining whether to lower rates further at its next meeting in December. He said that the FOMC takes fiscal policy as an input and would not incorporate it until those policy decisions are known.