The Federal Reserve updates four rotating voting members for 2025, "hawkish" tilt may lead to more disagreements

According to the Federal Reserve's official website, in 2025, the Fed welcomed two "hawkish" voting members, one "dovish" voting member and one neutral voting member. Austan D. Goolsbee, Chairman of the Chicago Fed; Susan M. Collins, Chairwoman of the Boston Fed; Alberto G. Musalem, Chairman of St Louis Fed; and Jeffrey R. Schmid, Chairman of Kansas City Fed will become new rotating voters replacing four rotating voters from 2024: Thomas I. Barkin (Chairman Richmond), Raphael W. Bostic (Chairman Atlanta), Mary C. Daly (Chairwoman San Francisco) and Beth M Hammack (Chairwoman Cleveland).

Bloomberg analysis believes that in 2025 positions among FOMC voters will be more dispersed with fewer neutrals which may lead to more disagreements while Barron's Weekly suggests that rotation could tilt decisions towards hawkishness by 2025.

Reuters analysis thinks as time goes on policy makers at the Federal Reserve might again find themselves divided especially if labor market cools faster than inflation rate does.The increase in hawkish votes within FOMC could heighten risk for disagreement although it might not change policy outcome.

The Federal Reserve's official website shows there will be eight meetings held by The Federal Reserve in January,March ,May ,June ,July ,September ,October and December respectively . According to dot plot released by The Federal reserve in December 2024,the number of future interest rate cuts has been reduced from four times predicted in September to twice with median interest rate forecast raised from September’s 3.4% up to 3.9%.