FACTBOX: U.S. Fed policy-makers' recent comments

CHICAGO (Reuters) -The following is a summary of recent comments by Fed policy-makers:

* Denotes 2008 voting member of the Federal Open Market Committee, which sets U.S. monetary policy.

* FEDERAL RESERVE CHAIRMAN BEN BERNANKE, APRIL 10:

"We do not have the luxury of waiting for markets to stabilize before we think about the future. ... Indeed, many of the necessary changes that have been identified, including increased transparency, improving risk management, and attaining better coordination among regulators, could provide important support to the process of normalizing our financial markets."

* DALLAS FED PRESIDENT RICHARD FISHER, APRIL 9:

"If we turn up the (monetary) spigot too forcefully, we will flood and kill the grass (of the economy) with inflation.

"Until the confusion and debris are cleared away, financial intermediaries will be reluctant to book new loans or incur additional risk. This retards the impact of additional monetary accommodation."

SAN FRANCISCO FED PRESIDENT JANET YELLEN, APRIL 3:

"It appears that growth in consumption and business investment spending has slowed markedly after years of robust performance, and, as a result, the economy has all but stalled and could contract over the first half of the year.

The FOMC must be "prepared to act in a timely manner to promote a return of the economy to a sustainable path.

* FEDERAL RESERVE CHAIRMAN BEN BERNANKE, APRIL 3:

"Further actions will have to depend on how the economy evolves, and we are looking of course at both sides of our mandate, growth and inflation."

* FEDERAL RESERVE CHAIRMAN BEN BERNANKE, APRIL 2:

"Overall, the near-term economic outlook has weakened relative to the projections released by the FOMC at the end of January. It now appears likely that real gross domestic product will not grow much, if at all, over the first half of 2008 and could even contract slightly.

"We expect economic activity to strengthen in the second half of the year, in part as the result of stimulative monetary and fiscal policies; and growth is expected to proceed at or a little above its sustainable pace in 2009, bolstered by a stabilization of housing activity, albeit at low levels, and gradually improving financial conditions.

"However, in light of the recent turbulence in financial markets, the uncertainty attending this forecast is quite high and the risks remain to the downside."