The leaders of four regional central banks will get FOMC votes in 2020 as part of a routine rotation that takes place each year.
Federal Reserve policymakers became divided over how to keep the economy in a healthy place last year.Here’s where they stand on interest rates ahead of the next policy meeting in late January.When the Federal Reserve began a string of interest rate cuts last year for the first time since the global financial crisis a decade ago, policymakers had become divided over how to keep the economy in a healthy place.
That could change in 2020 as the Fed shifts the power of its policy-setting committee. The leaders of four regional central banks – Chicago, Boston, St. Louis, and Kansas City – will lose votes in 2020 as part ofInstead, the chiefs of Federal Reserve offices in Dallas, Minneapolis, Philadelphia and Cleveland will vote on the 12-member Federal Open Market Committee. Here’s where they stand on monetary policy ahead of the next FOMC meeting in late January.
Mester pushed back against the string of interest rate cuts at the end of 2019 but said that it was a tough call to make.
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