According to Jinse.com, Federal Reserve official Williams said there is no need to rush and that the Fed can wait for more data, but if the economy develops in line with his forecast, another rate hike before the end of the year may be appropriate. Fed Governor Barr said economic growth is solid and the labor market remains resilient, while inflation is still too high, supporting further efforts to bring it under control. Fed Governor Jefferson said economic activity and employment are broadly solid, while inflation remains above target. He stressed the importance of assessing economic data, the outlook, and risks comprehensively rather than basing decisions on a single indicator. Fed official Logan said a cumulative 50-basis-point increase may ultimately still be needed, but did not specify when any action might be taken. Fed official Kashkari expects another rate hike may be needed this year, with whether to continue next year depending on inflation and economic resilience. Fed Governor Waller said inflation remains too high and that tariffs, energy prices, and demand pressures are keeping inflation risks elevated. He supports a September rate hike and stressed that the decision is based on evidence accumulated over several months, not data from a single month. Fed Chair Warsh declined to signal in advance whether rates would be raised in October, making clear that he would not prejudge the outcome of the meeting and did not believe he should announce in advance what actions he might take at the remaining meetings this year.
