🦧 new year new crew

last year, the fed was pretty much united

throughout all of last year, fed policy makers were pretty much all on board with raising rates and agreed on tightening monetary policies

• but by december, opinions were split on how high rates would have to be in 2023 to successfully tame still-high inflation

we now have four new members in the fed

members of the federal open market committee (fomc) changes each year – four regional fed presidents leave as four new come in

• leaving are:

  • james bullard, loretta mester, esther george, susan collins

  • mostly hawkish voters

  • “hawkish” ~ willing to permit interest rates to rise to control inflation

• joining the fed this year are:

  • austan goolsbee, patrick harker, lorie logan, neel kashkari

  • traditionally dovish or centrist, through hawkish in this unique recent environment

  • “dovish” ~ opposite of hawk

happy new year once again!

💡 something im thinking about

now 60% is way higher than i expected!

that's all, folks 🐒

as always, i’m no financial advisor! (i’m no substitute for professional financial services)