Chicago Fed President Austan Goolsbee said earlier Monday he was "confused" with how the market reacted in the wake of last week's Fed meeting, adding that Fed members "don't debate specific policies speculatively about the future."
Fed President Loretta Mester, meanwhile, also attempted to push back, saying that the Fed's next policy phase isn't "when to reduce rates ... It's about how long do we need monetary policy to remain restrictive in order to be assured that inflation is on that sustainable and timely path back to 2%."
The comments echoed those of New York Fed President John Williams late last week, who stated that policymakers were not "really talking about" interest rate cuts "right now."
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