FACTBOX: Fed policymakers' 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.

RICHMOND FED PRESIDENT JEFFREY LACKER, JUNE 16:

"Inflation is unacceptably high... Inflation expectations are higher than I would like, but they are stable. The apparent stability of inflation does not justify complacency, however. Just as easing policy aggressively in response to emerging downside risks made sense, withdrawing some of that stimulus as those risks diminish makes eminent sense as well."

* FED CHAIRMAN BEN BERNANKE, JUNE 16:

"There are limits to how big the deficit and debt can be. Soon it will begin to have effects on interest rates, it will have effects on economic growth, and on stability."

ST LOUIS FED PRESIDENT JAMES BULLARD, JUNE 11:

"The probability of a very bad outcome from the financial crisis is receding and we've still got the low level of interest rates that we took out during that time period. I see there being some inflationary consequences of that if we don't take action and stay on top of this situation.

"Policy can begin to address pressing inflationary concerns during the remainder of the year."

* DALLAS FED PRESIDENT RICHARD FISHER, JUNE 10:

"We want to make sure the message is clear ... that we will not countenance building inflationary expectations.

"We are witnessing a negative feedback loop ... which is that a weaker dollar can lead to further inflationary pressures which in turn leads to a weaker dollar, et cetera, and to dampened economic activity."

* FED CHAIRMAN BEN BERNANKE, JUNE 9:

"Indeed, although activity during the current quarter is likely to be weak, the risk that the economy has entered a substantial downturn appears to have diminished over the past month or so ... the latest round of increases in energy prices has added to the upside risks to inflation and inflation expectations. The Federal Open Market Committee will strongly resist an erosion of longer-term inflation expectations, as an unanchoring of those expectations would be destabilizing for growth as well as for inflation."

* NEW YORK FED PRESIDENT TIMOTHY GEITHNER, JUNE 9:

"Shock absorbers held in normal times against bad macroeconomic and financial outcomes" needed to be increased, he wrote in an Op-Ed piece in the Financial Times entitled, "We can reduce risk in the financial system."

"This will require more exacting expectations on capital, liquidity and risk management for the largest institutions that play a central role in intermediation and market functioning."