CoinVoice has recently learned that the composition of the Federal Reserve's rate-setting committee is about to change, while the renewed concerns about inflation make the central bank's decisions more complex. Earlier this month, the Federal Reserve lowered the benchmark policy interest rate by 25 basis points and indicated 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 interest rate cuts may be more gradual, depending on whether inflation declines. 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). The agency expects more divergence within the FOMC in 2025. An evaluation of the voting members of the committee along the hawkish-dovish spectrum reveals that disagreements among FOMC voting members next year will intensify, with opinions spread across both ends of the spectrum and less concentrated in the middle. [Original link]