03:00 PM EDT, 10/07/2025 (MT Newswires) -- Minneapolis Fed President Neel Kashkari (nonvoter) said that he has seen signs of stagflation in recent data and warned that any rapid rate cuts could cause a sudden jump in inflation.

Fed Governor Stephen Miran (voter) suggested that the uncertainty seen earlier in 2025 has diminished, allowing the FOMC to lower rates based on his forecast for 2026 that calls for slower inflation growth and cautioning that delaying rate cuts could negatively impact the employment side of the mandate.

Recent comments of note:

(Oct. 7) Kansas City Fed President Jeffrey Schmid (voter) said that the FOMC should remain cautious when considering further rate cuts, citing still-elevated inflation and uncertainty in the outlook.

(Oct. 2) Chicago Fed President Austan Goolsbee (voter) said that he is not certain that inflation caused by tariffs will be temporary or more persistent, telling Fox Business that recent price data are moving in the wrong direction.