Fed Governor Christopher Waller (voter) said that his policy decisions would likely be based by inflation data and that he is willing to maintain the current rate level for another meeting if there is continued progress toward the 2% goal but would consider a rate hike if there is an acceleration in price growth.
Recent comments of note:
(Sept. 2) New York Fed John Williams (voter) said that he would consider a rate increase at the September FOMC meeting, saying that recent increases in yields are a sign of a strong economy.
(Sept. 1) Fed Governor Michael Barr (voter) said that the economy is growing and consumer spending remains solid, but inflation is still too high and if there no signs of it moderating, the FOMC should "act decisively to raise rates."
(Aug. 28) Fed Chair Kevin Warsh (voter) said in his Jackson Hole address that inflation is the more concerning part of the Fed's dual mandate, committed to the 2% inflation target and repeated his belief that forward guidance can handcuff the Fed from making decisions. Warsh said that it is the Fed's duty to deliver price stability, adding that it is not something that will happen on its own.
(Aug. 27) Cleveland Fed President Beth Hammack (voter) said in an interview with CNBX that the FOMC should act now to help move inflation back to target, adding that the pain for business and consumers will be greater if the FOMC waits.
(Aug. 25) Boston Fed President Susan Collins (nonvoter) said that she approved of the FOMC's decision to hold interest rates steady at its most recent meeting but said that monetary policy needs to "be nimble" and that continuing to hold rates steady will require proof that inflation is slowing, with rate hikes possible if that proof is lacking.