Fed Governor Cook: intends to closely monitor incoming data for signs that the inflation slowdown is continuing.

Fed Governor Cook: View gradual interest rate cuts as adjusting policy to reflect a shift in the balance of risks.

Fed Governor Cook: I am now weighing the possibility of easing policy too early and allowing inflation to remain high, or easing policy too late and causing unnecessary harm to the economy.

Fed Governor Cook: I believe our current monetary policy stance is tightening.

Fed Governor Cook: When thinking about appropriate monetary policy, I now see a dual risk.

Federal Reserve Governor Cook: We believe the risks to achieving employment and inflation goals are shifting to a better balance, and the previous risks of excessive inflation have diminished.

Fed Governor Cook: Over time, the 12-month PCE inflation forecast gradually converges to the 2% target still seems to be a reasonable baseline outlook.

Fed Governor Cook: Before we start cutting interest rates, I would like to be more confident that inflation is trending towards 2%.

Fed Harker: Not sure when the Fed will reduce its balance sheet.

Fed Harker: The Fed doesn’t know what adequate reserve levels are, and markets will reveal it.

Fed Harker: There are no easy answers to the question of appropriate levels of liquidity reserves.

Fed Harker: The Fed is completely out of politics.

Fed Harker: If market financial conditions ease too much, the Fed will have to weigh that.

Fed Harker: Future Fed actions will be driven by data.

Fed Harker: The Fed can stand still for now and there is no urgency to cut interest rates.

Citi: We continue to believe that the extent of the U.S. natural gas price rebound will be limited, with prices expected to average approximately $2.1/MMBtu in the second and third quarters of 2024.