Federal Reserve Regional Presidents Rotation Set for 2026 as Hawks Dominate Voting Lineup

The Federal Reserve will rotate four regional bank presidents in 2026, with Cleveland, Dallas, Philadelphia and Minneapolis Fed chiefs gaining voting rights while Kansas City, Chicago, Boston and St. Louis rotate out, BlockBeats reports on November 17. All four outgoing voting presidents maintain hawkish positions: Boston Fed President Collins said she supported the previous rate cut but set a "relatively high" threshold for further reductions, St. Louis Fed President Musalem emphasized proceeding "cautiously" as room for easing is limited, Kansas City Fed President Schmid dissented against the September cut citing inflation "still too high," and Chicago Fed President Goolsbey expressed concern over inflation staying above the 2% target for nearly five years. Incoming voting members also lean hawkish, with Minneapolis Fed President Kashkari holding reservations on further cuts citing economic resilience, while Cleveland Fed President Hammack and Dallas Fed President Logan both emphasize inflation concerns over rate reductions.