🦧 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
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!