02:53 PM EDT, 03/26/2025 (MT Newswires) -- Minneapolis Federal Reserve President Neel Kashkari (nonvoter) said that uncertainty around tariffs is complicating the Fed's outlook for inflation and shifting consumer sentiment, adding that the current monetary policy stance should be maintained until there is more clarity.

St. Louis Fed President Alberto Musalem (voter) said that tariffs could induce inflation to remain above the Fed's 2% target for longer as opposed to having a temporary impact.

Recent comments of note:

(March 25) Fed Governor Adriana Kugler (voter) said that monetary policy is still restrictive and that the Federal Open Market Committee is in a good position to react to changes in the economy and inflation.

(March 24) Atlanta Fed President Raphael Bostic (nonvoter) said in an interview with Bloomberg that the FOMC may only cut rates once in 2025 due to heightened uncertainty, rising inflation expectations and a "bumpy" outlook for the inflation path for this year.

(March 21) New York Fed President John Williams (voter) said that there is a high degree of uncertainty in the economic outlook, but monetary policy is well-positioned, no matter how the situation evolves, to support the Fed's dual goals of maximum employment and lowering inflation to the 2% goal.

(March 21) Chicago Fed President Austan Goolsbee (voter) said in a CNBC interview that uncertainty and anxiety remain high and that the FOMC will act cautiously when determining monetary policy, but added that he expects rates will be cut further when the outlook becomes clearer.

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