Fed Officials Weigh In on Monetary Policy Amid Upcoming Policy Shifts

Recent discussions between Federal Reserve officials highlight potential changes in monetary policy. According to reports from PANews, four regional Fed presidents—Collins of Boston, Mussa of St. Louis, Goolsbee of Chicago, and Schmid of Kansas City—who opposed the October interest rate cut decision, are not currently advocating for another rate decrease at the December meeting. This year, voting roles on the FOMC rotate among these four banks; however, beginning next year, their voting rights will be revoked. Notably, the New York Federal Reserve maintains a permanent seat on the FOMC with voting authority.