AmiSight 8/6: Here’s Who Votes With Powell on Fed Rate Decisions

Although Federal Reserve Chair Jerome Powell has taken most of the heat from President Trump for skipping interest-rate cuts so far this year, The Wall Street Journal notes that Powell has a whole team across the country chiming in on the decisions.

While Powell chairs the central bank’s eight annual meetings, 11 other voting members of the Federal Open Market Committee, or FOMC, get an equal say on each Fed rate decision via a majority vote.

Along with Powell, here’s a list of who votes on monetary policy in 2025:

• Philip Jefferson, vice chair, nominated by Biden 

• Michelle Bowman, vice chair for supervision, nominated by Trump

• Michael Barr, Fed governor, nominated by Biden

• Lisa Cook, Fed governor, nominated by Biden

• Adriana Kugler, Fed governor, nominated by Biden

• Christopher Waller, Fed governor, nominated by Trump

• John Williams, New York Fed president, FOMC vice chair

• Susan Collins, Boston Fed president

• Austan Goolsbee, Chicago Fed president

• Alberto Musalem, St. Louis Fed president

• Jeffrey Schmid, Kansas City Fed president

Together, this group determines the direction of interest rates through majority vote.

Subscribe Today!