Inside the 2020 FOMC

How might the dove-hawk balance shift with five fresh voters?

Doves

The Federal Open Market Committee might become a little more dovish when it welcomes five fresh members into voting positions this year.

The loss of two strong hawks in Kansas Fed president Esther George and Boston Fed president Eric Rosengren, combined with the addition of Minneapolis Fed president Neel Kashkari – a loyal dove – may tip the balance towards a committee favouring a softer stance on monetary decisions.

The St Louis and Chicago Fed presidents, James Bullard and Charles Evans

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