Regional Fed Presidents Divided on Rate Cut Timing, Balance Sheet Plans

• Kansas City Fed president urges holding rates steady until clear evidence inflation is dropping to 2% target

• San Francisco Fed president says no urgency to cut rates yet, wants confidence inflation on track to 2%

• New York Fed president still sees rationale for gradual rate cuts starting this year

• Boston Fed president says recent data haven't changed outlook though uncertainties remain

• Kansas City Fed president argues for smaller balance sheet with shorter-dated securities