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Regional Fed Bank President Reappointments by Federal Reserve

yogibearbullyogibearbull
edited December 22 in Other Investing
Regional Fed Bank President Reappointments by Federal Reserve

The significance of early reappointments of Fed Bank Presidents on 12/11/25, the day after the FOMC rate announcement on 12/10/25, was largely missed. But it's becoming clear in the hindsight.

There had been speculation that the routine February annual reappointments of the Regional Fed Bank Presidents by the Federal Reserve may be disrupted. Federal Reserve acted, in hindsight, preemptively by (i) early reappointments in December 2025 & (ii) the new reappointments are for 5-years (02/2026-02/2031), not annual. So, no drama this February, or the next February, or the next... Unless this is somehow overturned.

12 regional Federal Reserve Banks are private entities with their own boards but operate under the overall supervision of the Federal Reserve. That's what makes them lightly semi-public & makes FOMC semi-public: 7 Federal Governors nominated by the President & confirmed by the Senate, & 5/12 regional Fed Bank Presidents selected solely by their boards.

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Federal Reserve press release https://www.federalreserve.gov/newsevents/pressreleases/other20251211a.htm

Comments

  • WABACWABAC
    Thanks for the info yogi.

    Any Fed watchers have any opinion on these folks, especially whether they are hawks or doves on inflation?

    Heck, I don't even know if any of them get a vote on rates.
  • yogibearbullyogibearbull
    edited December 22
    Fed watchers keep an eye on Fed President who vote at FOMC although all participate in FOMC discussions and are talkative in the media. NY Fed President always votes (more equal among the equals - origin Animal Farm) and the rotation of 4 of 11 Fed Presidents is known from 2025-28.

    In 2026, voting Fed President will be from Cleveland, Philadelphia, Dallas, Minneapolis.

    https://www.federalreserve.gov/monetarypolicy/fomc.htm

  • WABACWABAC
    edited December 22
    Thanks for the help yogi

    per Duck.AI
    Anna Paulson

    Inflation Stance: Paulson has been described as more dovish, focusing on the broader economic landscape without advocating for significant rate changes. She acknowledges that inflation remains above the target but has not pushed aggressively for policy shifts.

    Beth M. Hammack

    Inflation Stance: As a clear hawk, Hammack has expressed a need to maintain a restrictive monetary policy to mitigate ongoing inflation issues. She has indicated that current rates are barely restrictive enough to keep inflation in check.

    Neel T. Kashkari

    Inflation Stance: Kashkari occupies a centrist position, acknowledging both inflation risks and labor market weaknesses. His recent comments reflect a careful approach to balancing rate cuts against the backdrop of ongoing inflation concerns.

    Lorie K. Logan

    Inflation Stance: Logan leans hawkish, indicating a cautious attitude towards rate cuts without clear evidence that such moves would not worsen inflation. Her comments suggest a preference for stability in rates to manage inflation pressures.
  • Old_JoeOld_Joe
    Thanks for that, @WABAC. I've been wondering ever since the FOMC rate announcement on 12/10/25.
  • WABACWABAC
    edited December 22
    Old_Joe said:

    Thanks for that, @WABAC. I've been wondering ever since the FOMC rate announcement on 12/10/25.

    de nada.

    I'm hoping the Prez is enjoying all the diversity and inclusion in that group. :-)

    I have always though that Kashkari is a good name for an economist, but I'm probably giving it the Missouruh pronunciation.
  • Old_JoeOld_Joe
    edited December 22
    :) Me too. Certainly much better than Kashdropi.
  • Observant1
    edited December 22
    Thanks for the info — I missed this.
    The Fed's decision to make reappointments in December was prudent.
  • Old_JoeOld_Joe
    Yes.
  • CrashCrash
    Interesting reading. Glad for the info.
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