According to ChainCatcher, the Federal Reserve's official website states that in 2025, the Federal Reserve will welcome 2 'hawkish' voting members, 1 'dovish' voting member, and 1 neutral voting member:
New voting members:
Chicago Fed President Austan D. Goolsbee
Boston Fed President Susan M. Collins
St. Louis Fed President Alberto G. Musalem
Kansas City Fed President Jeffrey R. Schmid
Replaced voting members:
Richmond Fed President Thomas I. Barkin
Atlanta Fed President Raphael W. Bostic
San Francisco Fed President Mary C. Daly
Cleveland Fed President Beth M. Hammack
Changes in the voting committee of the Federal Reserve may lead to policy tendencies. Bloomberg believes that the dispersion of committee positions may lead to more disagreements; Barron's believes that the rotation of voting members may tilt the Federal Reserve toward a hawkish stance in its decisions in 2025; Reuters believes that the increasing divergence among committee members may exacerbate risks in policy-making.
Additionally, the Federal Reserve will hold 8 meetings in 2025, in January, March, May, June, July, September, October, and December. According to the dot plot from December 2024, the Federal Reserve has lowered the number of future rate cuts:
The number of rate cuts in 2025 has been reduced from the 4 times predicted in September to 2 times.
The median interest rate forecast has been raised from 3.4% in September to 3.9%