02:45 PM EST, 11/20/2024 (MT Newswires) -- Fed Governor Lisa Cook (voter) said that the pace of interest rate reductions can be accelerated or slowed based on incoming data and conditions and that she is keeping an open mind rather than seeing monetary policy on a preset course.

Fed Governor Michelle Bowman (voter) said that the Federal Open Market Committee should move carefully when lowering rates as upside risks to inflation remain that could reignite if demand is lifted too rapidly by looser monetary policy.

Recent comments of note:

(Nov. 19) Kansas City Fed President Jeffery Schmid (nonvoter) said that while there is greater confidence that the inflation is slowing toward the 2% goal and that it is appropriate to reduce interest rates, he said that "it remains to be seen how much further interest rates will decline or where they might eventually settle."

(Nov. 15) Chicago Fed President Austan Goolsbee (nonvoter) suggested in an interview with Bloomberg that the FOMC could lower rates by another 25 basis points at its meeting in December and possibly by another full percentage point in 2025, in line with the most recent Summary of Economic Projections published in September.

(Nov. 15) Boston Fed President Susan Collins (nonvoter) suggested in interviews with the Wall Street Journal and Bloomberg TV that while a December rate cut remains a possibility, it is not a certainty, echoing comments from Fed Chair Jerome Powell the day before that the FOMC should move cautiously.