--- title: "Fed hawks and doves: What US central bankers are saying" type: "News" locale: "en" url: "https://longbridge.com/en/news/273388702.md" datetime: "2026-01-22T14:36:39.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/273388702.md) - [en](https://longbridge.com/en/news/273388702.md) - [zh-HK](https://longbridge.com/zh-HK/news/273388702.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/273388702.md) | [繁體中文](https://longbridge.com/zh-HK/news/273388702.md) # Fed hawks and doves: What US central bankers are saying By Ann Saphir Jan 22 (Reuters) - After cutting interest rates by three-quarters of a percentage point in 2025, Federal Reserve policymakers have signaled they will wait and see what happens with the economy before making another move. They are deeply divided between those who are worried that further easing could worsen inflation and those who feel that employment will suffer without lower interest rates. Here is a look at Fed officials’ recent comments, sorting them under the labels “dove” and “hawk” as shorthand for their monetary policy leanings. A dove is more focused on risks to the labor market and may want to cut rates more quickly, while a hawk is more focused on the threat of inflation and may be more cautious about rate cuts. A graphic is also available. The designations are based on public comments and published remarks. To see how Reuters’ counts in each category have changed, please scroll to the bottom of this story. Dove Dovish Centrist Hawkish Hawk Christoph Anna Jerome Neel Beth er Paulson, Powell, Kashkari, Hammack, Waller, Philadelp Fed Minneapol Cleveland Governor, hia Fed Chair, is Fed Fed permanent President permanent President President voter: , 2026 voter: , 2026 , 2026 “We just voter: “The fed voter: “I voter: can “On net, funds don’t see “My base steadily I am rate is any case is kind of still a now impetus that we bring the little within a to cut in can stay policy more broad January.” here for rate down concerned range of January some towards about estimates 14, 2026 period of neutral.” labor of its time, December market neutral until we 17, 2025 weakness value and get than we are clearer about well evidence upside positione that risks to d to wait either inflation to see inflation .” how the is coming December economy back down 12, 2025 evolves.” to target December or the 10, 2025 employmen t side is weakening more materiall y.” December 21, 2025 Stephen Mary John Austan Lorie Miran, Daly, San Williams, Goolsbee, Logan, Governor, Francisco New York Chicago Dallas permanent Fed Fed Fed Fed voter: President President President President ” I’m , 2027 , , 2027 , 2026 looking voter: permanent voter: voter: No for about “We will voter: “We have public a point need to “Monetary to have comments and a be policy is convincin on half of deliberat now well g monetary cuts e as we positione evidence policy (this calibrate d to that since year). A policy to support we’re on November lot of achieve the path back 21, 2025. that is both stabiliza to 2% driven by price tion of inflation my view stability the labor .” of and full market January inflation employmen and the 15, 2026 .” t.” return of January January inflation 8, 2026 15, 2026 to the FOMC’s longer-ru n goal of 2%.” January 12, 2026 Michelle Philip Thomas Jeffrey Bowman, Jefferson Barkin, Schmid, Vice , Vice Richmond Kansas Chair for Chair, Fed City Fed Supervisi permanent President President on, voter: , 2027 , 2028 permanent “The voter: voter: “I voter: current “It is, I believe “Absent a policy think, a that clear and stance delicate cutting sustained leaves us balance rates improveme well right could nt in positione now.” dispropor labor d to January tionately market determine 13, 2026 harm the condition the inflation s, we extent side of should and our remain timing of mandate ready to additiona without adjust l providing policy to adjustmen much bring it ts to our benefit closer to policy to the neutral.” rate employmen January based on t side.” 16, 2026 the January incoming 15, 2026 data, the evolving outlook, and the balance of risks.” January 16, 2026 Lisa Susan Cook, Collins, Governor, Boston permanent Fed voter: No President public , 2028 remarks voter: on “It was monetary important policy to me since that the November forward 3, guidance 1. in the Committee ’s statement now echoes language in the December 2024 statement , which preceded a pause in cutting rates.” December 15, 2025 Michael Raphael Barr, Bostic, Governor, Atlanta permanent Fed voter: No President public , comments non-voter on , monetary retiring policy February since Oct 2026: ober 9, “Inflatio 1. n is still too high….you ’ve got to get it under control, and we need to be laser-foc used on making sure that everythin g we do is contribut ing to that.” January 9, 2026 Alberto Musalem, St. Louis Fed President , 2028 voter: “I see little reason for near-term further easing of policy.” January 13, 2026 Notes: The current policy rate target range is 3.50%-3.75%. The median of Fed policymaker projections in December was for one quarter-percentage point cut by the end of 2026, though only four of the 19 wanted exactly that, seven felt that less would be appropriate, and eight felt that more would be. The Fed’s seven governors, including the central bank chief and vice chairs, are nominated by the president and confirmed by the Senate. Each of them votes at every Federal Open Market Committee meeting, held eight times a year. Miran, Waller and Vice Chair Bowman are Trump nominees. Barr, Jefferson and Cook - whom Trump is attempting to fire - were nominated by former President Joe Biden. Powell was initially nominated to the Fed’s Board of Governors by former President Barack Obama, elevated to the chair position by Trump in his first term, and renominated to that position by Biden. All 12 regional Fed presidents discuss and debate monetary policy at the meetings, but only five cast votes, including the New York Fed president and four others who vote for one year at a time on a rotating schedule. Fed regional bank presidents are picked by the directors of their own regional banks, subject to approval by the Fed’s board. Reuters over time has shifted policymaker designations based on fresh comments and developing circumstances. Below is a Reuters count of policymakers in each category, heading into Fed meetings. FOMC Dove Dovish Centri Hawkis Hawk Date st h Jan. 3 2 5 6 3 ‘26 Dec. 3 1 6 6 3 ‘25 Oct 3 2 9 4 1 ‘25 Sept 2 3 8 5 0 ‘25 July 1 3 8 7 0 ‘25 Jan.-J 0 3 9 7 0 une ‘25 Dec. 0 2 10 7 0 ‘24 Nov. 0 0 13 5 0 ‘24 Sept 0 1 12 5 0 ‘24 May 0 1 10 6 1 throug h July ‘24 March 0 1 11 5 1 ‘24 Jan 0 2 9 4 1 ‘24 Dec 0 2 9 4 1 ‘23 Oct/No 0 2 7 5 2 v ‘23 Sept 0 4 3 6 3 ‘23 June 0 3 3 8 3 ‘23 March 0 2 3 10 2 ‘23 Dec 0 4 1 12 2 ‘22 ### Related Stocks - [NASDAQ Composite Index (.IXIC.US)](https://longbridge.com/en/quote/.IXIC.US.md) - [Nasdaq, Inc. 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