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 Diminished Fed Rate Cut Hopes to Keep U.S. Treasury Yields Elevated READ MORE ING Gold Monthly: The Bull Run Isn't Over Yet READ MORE HSBC Predicts Gold's Rollercoaster: 2024 Surge Followed by 12% Drop in 2025 READ MORE Why Silver Is One Of The Most Important Elements On Earth READ MORE Gold's Chart Tells a Bullish Tale, Yet Investor Confidence Remains Shaky READ MORE Add a Comment Cancel replyYour email address will not be published.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