Most local Federal Reserve committees are not enthusiastic about cutting interest rates in December
2025-11-12 22:34:14
Federal Reserve officials have been talking about monetary policy intensively recently. Nick Timiraos, the "Federal Reserve's mouthpiece", said that the four local Federal Reserve presidents with voting rights (Boston Fed Collins, St. Louis Fed Musalem, Chicago Fed Goolsbee, and Kansas Fed Schmid, who voted against the October interest rate cut resolution) have not actively promoted another interest rate cut in December. Note: The Federal Reserve rotates four local Federal Reserve banks as FOMC voting committees every year. Starting next year, the above four officials will lose their voting rights on the FOMC. The New York Fed has a special status and has permanent voting rights.
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