A wave of Federal Reserve commentary provided financial markets news to digest in the absence of any major economic data releases this week. Most notable were hawkish comments from several regional Fed presidents who are current voting members on the FOMC. On Monday, St. Louis President Musalem stated that policy should "lean against above-target inflation" and that there was "limited room for further reduction without monetary policy becoming overly accommodative." Similarly, President Collins of the Federal Reserve Bank of Boston said later in the week that, although October's reduction was warranted, "it will ... (full story)