TechFlame News, December 10th — According to a report by Jinshi Data, recent views from 2025 Federal Reserve voting members indicate that more than half are in no hurry to cut interest rates:
Dovish
1. Federal Reserve Governor Milan: The economy needs significant rate cuts, and the Fed should lower interest rates to a neutral level as soon as possible. Intends to shift the Fed's balance sheet more toward U.S. Treasuries. (November 25)
2. Federal Reserve Governor Waller: Concerned about the labor market; inflation is not a major issue. Advocates for a rate cut in December, with subsequent decisions potentially made on a meeting-by-meeting basis. (November 24)
3. New York Fed President Williams: Current monetary policy remains moderately restrictive. Still believes the Fed has room to cut rates in the near term without jeopardizing its inflation target. (November 21)
4. Federal Reserve Governor Cook: A December rate cut is possible, but it will depend on information gathered during the period, especially given delays in official data releases due to the government shutdown. (November 4)
5. Federal Reserve Governor Bowman: Has not recently taken a stance on the interest rate outlook; previously leaned toward rate cuts.
Neutral
1. Federal Reserve Chair Powell: Another rate cut in December is not a done deal; uncertainties surrounding the action need to be considered. If no new information is obtained and economic conditions remain unchanged, there would be grounds to slow the pace of rate cuts. (October 31)
2. Federal Reserve Governor Barr: Expresses concern that inflation remains at 3%. Monetary policy must be crafted carefully to balance risks. (November 20)
3. Federal Reserve Governor Jefferson: As interest rates approach neutral levels, policymakers need to proceed with policy adjustments more cautiously. Expects the unemployment rate to rise slightly by year-end. (November 17)
4. Chicago Fed President Goolsbee: Uncomfortable with the idea of aggressive, early rate cuts. Believes rates will decline in the medium term but must first navigate the current phase. (November 21)
Cautious
1. Kansas City Fed President Schmid: Further rate cuts could have a lasting impact on inflation. The rationale for holding rates steady in October still guides me until the December decision is made. (November 14)
2. St. Louis Fed President Musalem: Current monetary policy is closer to neutral rather than slightly restrictive. This means there is limited room for further easing without becoming overly accommodative. (November 14)
3. Boston Fed President Collins: Given ongoing risks to both inflation and employment mandates, there remains reason to be cautious about a December rate cut. (November 22)