【Federal Reserve FOMC Voting Members New Year New Lineup, Policy Stance Expected to Become More Polarized Between Doves and Hawks】Golden Finance reports that the lineup of the Federal Reserve's interest rate-setting committee is about to change. At the same time, renewed inflation concerns are making central bank decisions more complicated. Earlier this month, the Federal Reserve lowered the benchmark policy rate by 25 basis points and hinted that there would only be two rate cuts in 2025. Chairman Powell clearly stated that the central bank is entering a new phase, and future rate cuts may be more gradual and depend on whether inflation decreases. In addition to the seven members of the Federal Reserve Board and the President of the New York Fed, the presidents of 11 regional Federal Reserve banks will also take turns voting on interest rate decisions at the Federal Open Market Committee (FOMC). Institutions expect more divergence in the FOMC in 2025. An assessment of the committee's voting members along the hawkish-dovish spectrum reveals that disagreements among next year's FOMC voting members will intensify, with opinions scattered at both ends of the spectrum and less concentrated in the middle.