FACTBOX: Fed policymakers' recent comments

NEW YORK (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.

* FED CHAIRMAN BEN BERNANKE, JULY 8:

"We are currently monitoring developments in financial markets closely and considering several options, including extending the duration of our facilities for primary dealers beyond year-end, should the current unusual and exigent circumstances continue to prevail in dealer funding markets."

RICHMOND FED PRESIDENT JEFFREY LACKER, JULY 8:

"It could happen that we find it necessary to raise rates even if unemployment is still rising and growth is still weak.

"That is a possibility ... it is something that we need to be prepared to do."

SAN FRANCISCO FED PRESIDENT JANET YELLEN, JULY 7:

"On a continuum I would say things are shifting to somewhat more inflation risks.

"I am somewhat reassured by the recent data, which suggest that my biggest fears on the downside have, so far, been avoided.

"The risks to inflation are likely not symmetric and they have definitely increased. We cannot and will not allow a wage-price spiral to develop."

FED GOVERNOR FREDERIC MISHKIN, JULY 2:

"The high cost of energy and other primary commodities has not led to much increase in core inflation, partly because of slackening domestic demand, and there is little evidence that these costs are feeding a wage-price spiral.

"The U.S. economy will be subject to substantial headwinds for some time."

ATLANTA FED PRESIDENT DENNIS LOCKHART, JULY 1:

"Let me emphasize that I'm taking the recent inflationary pressures very seriously.