02:51 PM EDT, 10/15/2024 (MT Newswires) -- San Francisco Federal Reserve President Mary Daly (voter) said that monetary policy remains restrictive, adding that the risks to inflation and employment are now in balance and that the Federal Open Market Committee must remain vigilant to protect both sides of its inflation mandate.

Recent comments of note:

(Oct. 14) Fed Governor Christopher Waller (voter) said that his baseline forecast is for a gradual reduction in the policy rate over the next year, but there is more uncertainty about how much total reduction will occur.

(Oct. 14) Minneapolis Fed President Neel Kashkari (nonvoter) said he expects "modest reductions" in the federal funds rate over the coming quarters, but repeated that the health of the economy will determine the pace and magnitude of reductions.

(Oct. 10) Chicago Fed President Austan Goolsbee (nonvoter) said that the trend of inflation is more important than a one-month fluctuation like the one seen in the September consumer price data released earlier in the day, adding that monetary policy decisions will be made meeting-by-meeting and are not planned out in advance.

(Oct. 10) New York Fed President John Williams (voter) said that he expects further rate reductions "over time," adding that those rate cut decisions will be made based on incoming data.