Federal Reserve Watch for March 3: Williams Says Policy 'Well Positioned,' Further Reductions Eventually Warranted

02:18 PM EST, 03/03/2026 (MT Newswires) -- New York Fed President John Williams (voter) said the monetary policy is "well positioned" to stabilize the labor market and bring inflation back down to the 2% goal but added that further reductions may eventually be warranted if inflation slows as expected.

Minneapolis Fed President Neel Kashkari (voter) said that it is too soon to determine how much of an impact the military actions in Iran will have on inflation but noted that it adds uncertainty to the outlook for monetary policy.

Recent comments of note:

(Feb. 24) Boston Fed President Susan Collins (nonvoter) says it is possible that the FOMC will need to hold monetary policy steady "for some time" due to improvements in the employment picture and still elevated inflation.

(Feb. 24) Chicago Fed President Austan Goolsbee (nonvoter) said that the FOMC should maintain its focus on inflation and should not allow it to remain elevated but acknowledged the recent slowdown in hiring and the uncertainty that businesses face after the Trump Administration's tariffs were overturned.

(Feb. 24) Atlanta Fed President Raphael Bostic (nonvoter, retiring Feb. 28) said that the US could be seeing a higher period of structural unemployment due to less demand for workers that the FOMC does not have the tools to deal with.

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