Internet reports that the lineup of the Federal Reserve's rate-setting committee is about to be replaced, and at the same time, renewed inflation concerns have made the central bank's decision-making more complicated. The Federal Reserve cut its benchmark policy rate by 25 basis points earlier this month and hinted it would only cut interest rates twice in 2025. Chairman Powell made it clear that the central bank is entering a new phase and that the pace of interest rate cuts in the future may be more gradual and depends on whether inflation falls. In addition to the seven Fed governors and the New York Fed president, the presidents of 11 regional Fed banks will also take turns voting on interest rate decisions at the Federal Open Market Committee (FOMC). The agency expects more disagreements to emerge in the FOMC in 2025. An assessment of committee voting members along the hawk-dove spectrum found that differences in opinion among FOMC voting members will intensify next year, with views scattered at both ends of the spectrum and less concentrated in the middle.