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Federal Reserve Watch for Sept. 25: Fed Appearances Show Wide Range of Opinions on Policy Path

BY MT Newswires | ECONOMIC | 09/25/25 03:00 PM EDT

03:11 PM EDT, 09/25/2025 (MT Newswires) -- Chicago Fed President Austan Goolsbee (voter) said that he would not be in favor of lowering interest rates too rapidly even as employment data show signs of slowing, suggesting that it is too soon to assume that inflation will slow as well.

Kansas City Fed President Jeffrey Schmid (voter) said that inflation remains high and that the labor market is cooling, though not drastically, suggesting that monetary policy, which he called "slightly restrictive," is well positioned.

Fed Governor Stephen Miran (voter) said in an interview with Bloomberg that the FOMC should lower rates quickly, suggesting that he sees current monetary policy as very restrictive and leaves the US economy exposed to downside shocks.

Recent comments of note:

(Sept. 24) San Francisco Fed President Mary Daly (nonvoter) said that further rate cuts will likely be needed, but urged caution in the pace of those reductions, saying that the FOMC needs to both support the slowing labor market and maintain protection against inflation.

(Sept. 23) Fed Chairman Jerome Powell (voter) repeated his recent comments that the stance of monetary policy remains "modestly restrictive" and the FOMC is in a good position to deal with any developments of the economy, noting that downside risks to employment have increased but noting that inflation remains a concern.

(Sept. 23) Atlanta Fed President Raphael Bostic (nonvoter) said that inflation remains a concern and that the FOMC needs to "stay vigilant," following his comments a day earlier that he may not back another rate reduction this year.

(Sept. 23) Fed Vice Chair for Supervision Michelle Bowman (voter) said that the FOMC's decision to lower its target rate at its September meeting was only a first step and that a faster pace of rate reduction may be needed if the labor market deteriorates rapidly.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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