• On Thursday New York Fed President John Williams became the latest U.S. rate-setter to embrace the “no rush” on rate cuts, opens new tab view articulated in February by Fed Governor Christopher Waller and since echoed by many of his colleagues.
  • Cleveland Fed President Loretta Mester, in comments late on Wednesday, also said the Fed will likely cut rates “at some point,” steering clear of the later “this year” language she – and Williams – had previously used.
  • Speaking in Fort Lauderdale, Florida on Thursday, Atlanta Fed President Raphael Bostic offered “the end of the year” as his view of the likely timing for a first rate cut, saying “I’m comfortable being patient.”
  • Minneapolis Fed President Neel Kashkari told Fox News Channel he also wants to be “patient,” with the first rate cut “potentially” not appropriate until next year, Bloomberg News reported.