02:19 PM EST, 11/21/2024 (MT Newswires) -- Chicago Fed President Austan Goolsbee (nonvoter) said that while interest rates are likely to be lower a year from now, there is uncertainty about how far rates will need to be lowered and how quickly they will get to that point.

Recent comments of note:

(Nov. 20) Boston Fed President Susan Collins said that she expects a further rate reduction will be appropriate, but it will depend on the incoming data and not a preset path. Collins emphasized the need for the FOMC to move cautiously.

(Nov. 20) 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.

(Nov. 20) 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.

(Nov. 19) Kansas City Fed President Jeffery Schmid (nonvoter) said that while there is greater confidence that 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."