Potential Shift in Fed's Interest Rate Committee Dynamics in 2024 In 2024, the Federal Reserve’s interest rate setting committee will see new members, leading to speculation about how this might affect the balance between hawks (who favor higher rates) and doves (who support lower rates) in setting monetary policy. The change is a result of the Fed’s rotation system, where four of the 12 seats on the Federal Open Market Committee (FOMC) are annually reassigned to regional Fed presidents. This year, the new members are from the regional Fed banks in Cleveland, Richmond, Atlanta, and San Francisco. According to Gregory Daco, chief economist at Ernst & Young, these additions could potentially shift the committee towards a more dovish stance, potentially increasing openness to rate cuts to stimulate the economy. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Elon Musk Sounds Alarm on U.S. Fiscal Health as Debt Interest Consumes Tax Revenue READ MORE China's Economic Woes Deepen as Deflation Takes Hold READ MORE CPI Up 0.4% in February, a 3.2% Increase From a Year Ago READ MORE Inflation Reports to Determine Gold's Trajectory: All Eyes on CPI and PPI READ MORE Silver Price Seasonality Charts: Essential Insights for Investors READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment