Fed's Goolsbee: September FOMC meeting is a live meeting

Divisions Grow Inside Fed Ahead Of Decision On September Rate Cut – WSJ Cleveland Fed President Beth Hammack: "I see an inflation picture that is too high and rising and moving in the wrong direction." The outlook is "radically different" from when the Fed cut last year. On current data, "I would not be supportive ... of reducing interest rates." Boston Fed President Susan Collins opens the door to a September cut: The Fed's rate stance was appropriate in July but the subsequent payroll figures were softer than expected. If data by the time of next month's meeting suggests more "risks of worsening labor market… BOSTON FED PRESIDENT SUSAN COLLINS SIGNALED OPENNESS TO A RATE CUT AS SOON AS NEXT MONTH- WSJ COLLINS FLAGGED HOW HIGHER TARIFFS MIGHT SQUEEZE CONSUMERS’ PURCHASING POWER, WHICH COULD WEAKEN SPENDING. - WSJ FED'S COLLINS SAID SHE EXPECTED INFLATION TO CONTINUE RISING THROUGH…

*DOJ OFFICIAL URGES FED'S POWELL TO REMOVE GOVERNOR LISA COOK Department of Justice Indicates Cook’s Criminal Referral Needs More Investigation DOJ'S Martin: I intend to Invesigate Feds Cook over mortgages.

*BOSTON #FED 'S SUSAN COLLINS SAYS IN INTERVIEW ON BLOOMBERG TV *COLLINS: GROWTH SLOWING BUT OVERALL ECONOMIC FUNDAMENTALS SOLID *COLLINS: SEE UPSIDE RISKS TO INFLATION, DOWNSIDE RISKS ON LABOR FED'S COLLINS: WE CANNOT WAIT FOR ALL OF THE UNCERTAINTY TO BE BEHIND US *COLLINS: JOB GROWTH SLOWING BUT ARGUMENTS FOR TAKING MORE TIME ?COLLINS: DON'T RULE OUT A LARGER MORE PERSISTENT IMPACT OF TARIFFS ON INFLATION *COLLINS: NOT A DONE DEAL ON WHAT WE DO AT OUR NEXT MEETING Fed's Collins Says Dual Mandate Risks Are Balanced and Not Concerned About Rising Inflation Expectations