Fed's Waller: I've been clear I think we should cut at the next meeting

*BOSTIC: SEPTEMBER FED MEETING IS IN PLAY FOR A RATE CUT *BOSTIC: RISKS TO FED'S TWO MANDATES HAVE BECOME MORE BALANCED *FED'S BOSTIC: STILL SEE ONE RATE CUT AS APPROPRIATE FOR 2025 Fed's Bostic: Firms can't absorb higher tariffs much longer. Bostic: Focusing on Fundamentals Amid Great Complexity Understanding a $30 trillion economy, a chore at any time, is especially complicated as we proceed further into 2025. Uncertainty abounds. The full implications of trade policy remain unclear. It's not known how proposed federal deregulation and tax changes will manifest, nor the extent to which those shifts offset one another or tariff-related cost increases. Geopolitical uncertainties remain relevant. Complexity confronts not just policy makers like me. At nearly every stop in my travels across the Southeast, I poll audiences on who feels confident in their business forecast for the next six months. In recent weeks, nary a hand has gone up. For me, the job is calibrating monetary policy, which requires a clear read on the state of the US economy. Amid deep and wide complexity, I find that focusing on fundamentals helps to frame my thinking. So, before I detail my current economic and policy outlook, I will outline questions and tenets that underpin my policymaking process. These first principles, if you will, keep me locked in on the core mission. First, how is the Federal Open Market Committee (FOMC) faring relative to the goals Congress has assigned us—achieving price stability and sustained maximum employment? How do I think the economy will evolve with respect to the two core objectives? Committee participants must digest and analyze layer upon layer of data, anecdotal and survey feedback, research, the products of predictive models, and other material. Ultimately, though, the decision comes down to which is the greater risk: rising inflation or a deteriorating labor market. Of course, it's often not clear cut; the relative risks fall on a spectrum. Therefore, along with 18 other FOMC participants, I must determin

FED'S KASHKARI: INFLATION IS STILL TOO HIGH BUT LABOR MARKET SHOWING SIGNS OF COOLING FED'S KASHKARI: FED IS GETTING INTO TRICKY SITUATION WITH MANDATES Fed's Kashkari: Fed Is Not Done With Work To Bring Inflation Back To 2% Fed's Kashkari: Data suggests the economy is slowing and moving to a soft landing. FED'S KASHKARI: GOODS INFLATION IS RISING BECAUSE OF TARIFFS

BANK OF ENGLAND'S BAILEY: SITUATION WITH FED IS SERIOUS, I AM VERY CONCERNED BoE Gov. Bailey: Stability underpins the foundations of policy.