Overall breakdown of current Fed members
Dove
Dovish
Centrist
Hawkish
Hawk
Federal Reserve policymakers increased the US policy rate by 25 basis points during their inflation target, though he refrained from endorsing the specific rate-path projections provided by his colleagues.
The following list categorizes Fed officials based on their monetary policy leanings, using “dove” and “hawk” as shorthand. A dove typically prioritizes labor market stability and may favor rate cuts, while a hawk generally focuses on the risks posed by inflation and may be more supportive of raising rates.
DOVE
DOVISH
CENTRIST
HAWKISH
HAWK
Michelle Bowman
Fed Vice Chair of Supervision
Permanent Voter
John Williams
New York Fed President
Permanent Voter
Philip Jefferson
Vice Chair
Permanent Voter
Chris Waller
Governor
Permanent Voter
Michael Barr
Governor
Permanent Voter
Jerome Powell
Governor
Permanent Voter
Anna Paulson
Philadelphia Fed President
2026 Voter
Mary Daly
San Francisco Fed President
2027 Voter
Kevin Warsh
Chairman
Permanent Voter
Lisa Cook
Governor
Permanent Voter
Thomas Barkin
Richmond Fed President
2027 Voter
Alberto Musalem
St. Louis Fed President
2028 Voter
Neel Kashkari
Minneapolis Fed President
2026 Voter
Lorie Logan
Dallas Fed President
2026 Voter
Beth Hammack
Cleveland Fed President
2026 Voter
Austan Goolsbee
Chicago Fed President
2027 Voter
Susan Collins
Boston Fed President
2028 Voter
Jeffrey Schmid
Kansas City Fed President
2028 Voter
Following the September increase, the target range for the policy rate stands at 3.75%-4.00%. Sixteen out of 18 policymakers expect at least one more quarter-percentage-point hike by the end of 2026, and half of the committee anticipates another increase in 2027. Warsh did not provide a rate-path forecast.
The seven members of the Fed’s Board of Governors are appointed by the president and must be confirmed by the Senate. Each governor casts a vote at every Federal Open Market Committee meeting, which occur eight times annually. While all 12 regional Fed presidents participate in the discussion and debate regarding monetary policy, only five hold voting rights—the New York Fed president and four others who serve on a rotating one-year basis. Regional bank presidents are selected by their respective boards of directors, subject to confirmation by the Fed Board. The Atlanta Fed is currently searching for a new president following the retirement of Raphael Bostic in February.
