According to Deep Tide TechFlow news on January 5, 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 Member:
Chicago Federal Reserve President Austan D. Goolsbee
Boston Federal Reserve President Susan M. Collins
St. Louis Federal Reserve President Alberto G. Musalem
Kansas City Federal Reserve President Jeffrey R. Schmid
Replaced Voting Member:
Richmond Federal Reserve President Thomas I. Barkin
Atlanta Federal Reserve President Raphael W. Bostic
San Francisco Federal Reserve President Mary C. Daly
Cleveland Federal Reserve President Beth M. Hammack
Changes in Federal Reserve voting members may lead to shifts in policy tendencies. Bloomberg believes that the dispersion of voting members' positions may lead to more disagreements; Barron's believes that the rotation of voting members may tilt the Federal Reserve towards a hawkish stance in decision-making in 2025; Reuters believes that the increase in disagreements among voting members may exacerbate risks in policy-making.
In addition, 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 forecast for future rate cuts:
The number of rate cuts in 2025 has been reduced from the September forecast of 4 times to 2 times.
The median interest rate forecast has been raised from 3.4% in September to 3.9%