Probably. St. Louis Fed President James Bullard, the Fed’s most hawkish voice, announced Thursday he is stepping down in August. Economist Adriana Kugler, known for her dovish posture, is likely to win Senate confirmation for a governor role at the central bank. While a July rate hike has been baked in for some time, the Fed’s decision in September isn’t as clear and plenty of data will be released until then.
25% to reassess the economy’s health, but mostly over uncertainty about how bank stresses from the spring would affect access to credit. The minutes from that meeting showed officials weren’t as united in their decision, even though they eventually voted to pause unanimously. So far, most officials have signaled that the bias is toward a hike in July, after they voted to hawkishly pause last month.