Deutsche Bank economist Matthew Luzzetti said that the four regional Federal Reserve presidents who will receive voting rights at the Federal Reserve's FOMC this year may make more controversial policy decisions. Chicago Federal Reserve Chairman Goulsby is seen as one of the committee's most dovish voices, while St. Louis Federal Reserve Chairman Mussalem and Kansas City Federal Reserve Chairman Schmid are viewed as potential hawks. Notably, neither Mussalem nor Schmid had voted for the Commission before. Luzzetti said, “The higher the degree of diversification, the greater the possibility of differences, especially because if inflation continues to be high and the labor market is weakening, this will cause tension in the Fed's dual mission and make the Fed's response vague.”

Deutsche Bank economist Matthew Luzzetti said that the four regional Federal Reserve presidents who will receive voting rights at the Federal Reserve's FOMC this year may make more controversial policy decisions. Chicago Federal Reserve Chairman Goulsby is seen as one of the committee's most dovish voices, while St. Louis Federal Reserve Chairman Mussalem and Kansas City Federal Reserve Chairman Schmid are viewed as potential hawks. Notably, neither Mussalem nor Schmid had voted for the Commission before. Luzzetti said, “The higher the degree of diversification, the greater the possibility of differences, especially because if inflation continues to be high and the labor market is weakening, this will cause tension in the Fed's dual mission and make the Fed's response vague.”