The Marriner S. Eccles Federal Reserve building in Washington, D.C. Photographer: Stefani Reynolds/AFP/Getty Images.

A chorus of Federal Reserve officials on Tuesday emphasized the need for more evidence of cooling inflation before lowering interest rates, with a couple of policymakers offering insight into the potential timing of such a move.

Fed Governor Adriana Kugler said it will likely be appropriate for the central bank to cut rates "sometime later this year" if economic conditions unfold as she anticipates. St. Louis Fed President Alberto Musalem said in his first major policy speech that it could take "quarters" for the data to support a cut.

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