Federal Reserve Watch for Jan. 14: FOMC Members Divided on Timing of Next Rate Reduction

02:56 PM EST, 01/14/2026 (MT Newswires) -- Atlanta Fed President Raphael Bostic (nonvoter) said that the FOMC should maintain its restrictive stance, saying that efforts to bring inflation down to the 2% goal have not been fully realized yet.

Fed Governor Stephen Miran (voter) said that deregulation has the potential to slow cost increases while at the same time increasing potential output, supporting the FOMC's ability to lower rates further.

Philadelphia Fed President Anna Paulson (voter) repeated her recent statement that further rate reductions are possible in 2026 if economy and inflation evolve as expected but will likely be later in the year.

Minneapolis Fed President Neel Kashkari (voter) said in an interview with the New York Times that he does not see a reason to lower interest rates further at January FOMC meeting but said it would be possible to lower them later in the year.

Recent comments of note:

(Jan. 13) Richmond Fed President Tom Barkin (nonvoter) said that the December consumer price data was better than expected, adding that monetary policy is a "delicate balance" between the Fed's two mandates.

(Jan. 13) St. Louis Fed President Alberto Musalem (nonvoter) said at an MNI Webcast that he believes there is no reason for further rate reductions in the near-term and that monetary policy is well positioned to act as needed.

(Jan. 12) New York Fed President John Williams (voter) said that he sees the current level of monetary policy as "well positioned" to help stabilize economy and bring inflation back toward the FOMC's 2% goal. He said that he has a favorable outlook for the US economy and that future rate adjustments will be based on the incoming data, the economic outlook and the balance of risks.

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