“I have an open mind, but I haven’t made a final decision on what I think, and I’m looking forward to debating with my colleagues,” San Francisco Fed president Mary Daly said during an event in Dublin, Ireland.
Daly, previously a reliable supporter of easing, flagged the decision as “premature” with four weeks to go.
Minneapolis Fed president Neel Kashkari, who had earlier signaled support for a third cut, revealed he opposed last month’s move and remains undecided for December.
“We have inflation that’s still too high, running at about 3%,” Kashkari said at a regional conference, adding that while some sectors are strong, others in the labor market are “under pressure.”
Boston Fed president Susan Collins, who voted for both cuts this year, added: “Absent evidence of a notable labor market deterioration, I would be hesitant to ease policy further, especially given the limited information on inflation due to the government shutdown,” Collins said at a bankers’ conference.