Fed's Goolsbee: Job market seems to be cooling, inflation is going up

Fed's Daly: The inflation impact of tariffs hasn't been as large as forecast, and has had a bigger impact on the labor market. Fed's Daly: Interest rates are still modestly restrictive Federal Reserve's Daly Says "Some Additional Rate Cuts May Be Needed Over Time" DALY: WE ARE IN 'TRADEOFF' SPACE, NEED TO BALANCE RISKS SHOULD NOT GO ALL THE WAY TO NEUTRAL, TOO RISKY DALY: US ECONOMY IS IN OKAY SHAPE

*FED'S BOWMAN SAYS LABOR MARKET MORE FRAGILE THAN EXPECTED *BOWMAN SAYS FED IS WITHIN RANGE OF FED 2% INFLATION TARGET *BOWMAN SAYS APPROPRIATE TO SHIFT TO JOBS INSTEAD OF INFLATION BOWMAN SAYS TARIFFS WILL HAVE ONE-TIME PRICE IMPACT - Fed's Bowman indicates foreign suppliers are absorbing some tariff costs - This could influence trade dynamics and pricing strategies - Market watchers should keep an eye on the implications for U.S. trade relations

Fed's Miran: I See Shelter Inflation Coming Down In Next 6-12 Months The Long Term Response To The Recent Fed Rate Cut Was Muted, But Do Expense Them To Come Down I Think Policy Is 150-200 Bps Too Restrictive Fed's Miran: I’m Probably More Sanguine On Growth Than Many At Fed Decent Shot At 3% Growth For The Second Half Of 2025 And Into 2026 View Of Rate Cuts Based On Expectation That Neutral Is Being Pushed Lower By Tax Policy And Immigration Fed's Miran: In The Next 6 Months Would Like The Fed To Be A Lot Closer To Neutral; Can Get There In A Series Of Half Point Moves There Is No Material Evidence Of Tariff Driven Inflation, But That Seems To Be Holding Up Others On The Fed