FACTBOX: 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.

RICHMOND FED PRESIDENT JEFFREY LACKER, JAN 18:

"The incoming data arriving in the last several weeks has certainly made me more willing to contemplate rate cuts. It has certainly altered my outlook.

"Inflation is still higher than I would like to see it personally. ... I just don't think it is a sensible strategy to put our inflation objectives on the shelf for the duration."

* DALLAS FED PRESIDENT RICHARD FISHER, JAN 17:

"As a voter on the FOMC this year, I stand ready to take substantive action to support growth and provide insurance against downside risk, as long as inflation expectations remain contained.

"The degree of substantive action ... will be conditioned to what we see coming down the inflation pike."

ATLANTA FED PRESIDENT DENNIS LOCKHART, JAN 17:

"Negative information has been exceeding expectations. I think these circumstances call for policy-makers to be prepared to respond pragmatically. In my view, pragmatism ... may well require additional moves to lower the federal funds rate.

"Implicit in my view is the forecast that inflation will moderate, allowing policy to focus on the very apparent near-term risks to the broad domestic economy."

* FED CHAIRMAN BEN BERNANKE, JAN 17:

"Incoming information has suggested that the baseline outlook for real activity in 2008 has worsened and that the downside risks to growth have become more pronounced.

"We stand ready to take substantive additional action as needed to support growth and provide adequate insurance against downside risks.

"Fiscal action could be helpful in principle, as fiscal and monetary stimulus along may provide broader support for the economy than monetary actions alone."

* CLEVELAND FED PRESIDENT SANDRA PIANALTO, JAN 17: