Analysis: The number of hawkish Fed members may increase to at least three next year, which may increase the risk of dissent
On December 20, many investment bank analysts pointed out that in 2025, a batch of somewhat hawkish Federal Reserve regional reserve bank presidents will become voting members of the Federal Reserve's interest rate setting committee, which increases the possibility that further rate cuts next year may provoke more dissent, just like the Cleveland Fed president's vote against a rate cut this week.
JPMorgan chief U.S. economist Michael Feroli said: "Ultimately, Powell is likely to have the first and last word on the policy direction."
