What are US central banks saying?

What are US central banks saying?

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(Reuters) – U.S. central banks are forecasting a more limited rate cut in 2025 rather than the full percentage of cuts they presented in 2024, given slower progress toward the 2% inflation target, a still-strong labor market and plenty of uncertainty . On the potential impact of tax cuts, tariffs and other economic policies in Donald Trump’s second term.

Here’s a look at Fed policymakers’ comments since the last rate-setting decision, sorting them under the labels “dove” and “hawk” as rough shorthand for monetary policy stances. A dove is more focused on the risks to the labor market and may want to cut rates sooner, while a hawk is more focused on the threat of inflation and may be more cautious about cutting rates.

Designations are based on comments and published records; click on the photos in this graphic for more details. Scroll to the bottom of this story to see how Reuters’ numbers have changed in each category.

Pigeon Dovish Centrist Falcon Falcon

Christopher Jerome Powell, Michelle Bowman,

Waller, Governor, Fed Chairman, Governor,

permanent voter: permanent permanent voter:

“If inflation is selective: “I think we should be

down and we have to be careful

but I think about the place in the labor market

stays strong, you think it changes from here

We can think of this as a new phase of politics

restart velocity and we will move toward a

A few deficits more neutral to be careful

months later more about regulation…We

now… I’m not cutting it.” December 18, but also necessary

I think it can be avoided from March 2024

be completely prejudiced

excepted.” January is coming

16, 2025 administration

future policies”.

January 9, 2025

Lisa Cook, John Williams, Jeffrey Schmidt,

Governor, New York Fed Kansas City Fed

permanent elector: President, President, 2025

“I think we can be permanent voters: “I am

The voter dares to continue: “I’m a supporter

we are more cautiously waiting for this regulatory policy

more disinflation is gradual

cuts.” January 6, will move forward, forward and only

In 2025, he will receive in response

time and continuous change

can be good in the process

FYI.” January.

wavy. Money 9, 2025

policy is good

placed in

protect risks

towards our goals

balance.” January.

15, 2025

Austan Goolsbee, Philip Alberto Musalem,

Chicago Fed Jefferson, Vice St. Louis Fed

President, 2025 Chairman, permanent President, 2025

voter: “Is there a voter: No public voter: Since then

Evidence of comments made in September, “The

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