03:00 PM EST, 11/03/2025 (MT Newswires) -- Fed Governor Lisa Cook (voter) said that the path of monetary policy is not predetermined and will continue to be based on incoming information when it is available, noting the risks of lowering interest rates too early or too late, and saying that the December FOMC meeting remains a live meeting after other officials have said that another rate cut at that meeting is not an certainty.

Chicago Fed President Austan Goolsbee (voter) said in an interview with Yahoo Finance that inflation remains a concern and suggested that preemptive cuts are not the best course of action.

Recent comments of note:

(Oct. 31) Dallas Fed President Lorie Logan (nonvoter) said that she would have preferred to have maintained the target range for the federal funds rate the October FOMC meeting, saying that was no need for another preemptive rate cut after the September reduction and adding that there may not be a need for a rate cut in December unless there is evidence that the labor market is cooling more rapidly.

(Oct. 31) Kansas City Fed President Jeffrey Schmid (voter) said in an explanation of his dissenting vote at the October FOMC meeting that he would have preferred to maintain the current policy rate as concerns about inflation remain and that a 25-basis point reduction would do little to help the labor market but could have an impact to the Fed's efforts to lower inflation.

(Oct. 31) Cleveland Fed President Beth Hammack (nonvoter) said that she would have preferred to hold rates steady at the October FOMC meeting, while Atlanta Fed President Raphael Bostic (nonvoter) said at the same event that he was convinced to lower rates further as he sees policy as still being restrictive.