According to the Fed’s June projections, the median forecast suggests a total of half a percentage point in rate cuts this year. However, seven out of nineteen officials expect no cuts at all in 2025.
The Fed’s seven governors, including Chair Powell and Vice Chairs, vote at every meeting. Meanwhile, only five of the twelve regional presidents vote at a time, rotating annually, with the New York Fed president voting permanently.
The Fed remains divided, reflecting broader uncertainty in the economy, inflation outlook, and political developments—including leadership appointments and trade policy direction.
(Disclaimer: This slideshow has been sourced from Reuters)
