(Reuters) -The Federal Reserve delivered a widely expected quarter-of-a-percentage point rate cut at its September 16-17 meeting and signaled some further gradual cuts ahead to support the labor market even as inflation remains above target. Stephen Miran, the Fed Board's newest member and on unpaid leave as White House economic advisor, dissented and signaled support for a sharply lower policy rate, which President Donald Trump has pushed for.
Here is a look at Fed officials' recent comments, sorting them under the labels "dove" and "hawk" as shorthand for their monetary policy leanings. A dove is more focused on risks to the labor market and may want to cut rates more quickly, while a hawk is more focused on the threat of inflation and may be more cautious about rate cuts.
The designations are based on public comments and published remarks. To see how Reuters' counts in each category have changed, please scroll to the bottom of this story, or click on the photos in this graphic.
Dove Dovish Centris Hawki Hawk
t sh
Michelle Lisa Jerome Jeffr Beth
Bowman, Cook, Powell, ey Hammac
Vice Governor Fed Schmi k,
Chair of , Chair, d, Clevel
Supervis permanen permane Kansa and
ion, t voter: nt s Fed
permanen "This is voter: City Presid
t voter: concerni "The Fed ent,
"My ng," she labor Presi 2026
Summary said of market dent, voter:
of the is 2025 "For
Economic sharp softeni voter me,
Projecti downward ng and : "I what
ons revision we think the
includes s to the don't we're decisi
three Labor need it in a on
cuts for Departme to reall really
this nt's soften y comes
year, estimate anymore good down
which s of ... So we spot to is
has been recent use our and I that
consiste monthly tools. think inflat
nt with job And it we ion is
my gains. starts reall too
forecast August with a y high
since 6, 2025 25 have ... We
last basis to need
December point have to
, and rate very mainta
the cut." defin in a
latest Septemb itive modest
labor er 17, data ly
market 2025 to be restri
data movin ctive
reinforc g stance
e my that of
view." polic policy
August y to get
9, 2025 right inflat
now." ion
Augus back
t 21, to
2025 target
."
August
22,
2025
Christop Austan John Lorie
her Goolsbee William Logan
Waller, , s, New ,
Governor Chicago York Dalla
, Fed Fed s Fed
permanen Presiden Preside Presi
t voter: t, 2025 nt, dent,
"I don't voter: " permane 2026
believe It's a nt voter
that a live voter: : No
cut of meeting "Every publi
larger for me...I meeting c
than 25 haven't is, comme
basis made-up from my nts
points my mind perspec on
is on tive, monet
needed that," live ary
in Septembe (for a polic
Septembe r 4, change y
r ... I 2025 in the since
anticipa Fed's July
te policy 15,
addition rate) 2025.
al cuts ...
over the risks
next are
three to more in
six balance
months, ."
and the August
pace of 27,
rate 2025
cuts
will be
driven
by the
incoming
data."
August
28, 2025
Mary Philip Rapha
Daly, Jeffers el
Stephen San on, Bosti
Miran, Francisc Vice c,
Governor o Fed Chair, Atlan
, Presiden permane ta
permanen t, 2027 nt Fed
t voter: voter: voter: Presi
" "We will No dent,
wait to public 2027
I see the comment voter
don't data and s on :
see very maybe monetar "The
signific it'll be y labor
ant fewer, policy marke
tariff maybe since M t is
inflatio it'll be ay 14, slowi
n...I more, 2025. ng
see but enoug
disinfla ultimate h
tion ly, I that
coming think some
from two easin
border (rate g in
policies cuts polic
...I this y -
don't year) proba
see a remains bly
reason a good on
for projecti the
being so on." order
far from August of 25
15, 2025 basis
point
neutral s -
will
at be
the appro
moment." priat
Septembe e
r 19, over
2025 the
remai
nder
of
this
year.
"
Septe
mber
3,
2025
Michael Thoma
Barr, s
Governo Barki
r, n,
permane Richm
nt ond
voter: Fed
No Presi
public dent,
comment 2027
s on voter
monetar : "I
y see
policy modes
since J t
une 26, movem
2025. ent
in
the
econo
my
...
If
there
's
modes
t
movem
ent
in
the
econo
my,
that
would
imply
a
modes
t
adjus
tment
in
rates
."
Augus
t 26,
2025
Alberto
Musalem
, St.
Louis
Fed
Preside
nt,
2025
voter:
"The
current
modestl
y
restric
tive
setting
of the
policy
rate is
consist
ent
with
today's
full-em
ploymen
t labor
market
and
core
inflati
on
nearly
one
percent
age
point
above
the
Fed's
2%
target.
"
Septemb
er 3,
2025
Susan
Collins
,
Boston
Fed
Preside
nt,
2025
voter:
If data
shows
"the
risks
of
worseni
ng
labor
market
conditi
ons
relativ
e to
those
risks
of
elevate
d
inflati
on ...
then it
may be
appropr
iate
soon to
begin
dialing
back"
interes
t
rates.
August
21,
2025
Neel
Kashkar
i,
Minneap
olis
Fed
Preside
nt,
2026
voter:
"I
believe
the
risk of
a sharp
increas
e in
unemplo
yment
warrant
s the
committ
ee
taking
some
action
to
support
the
labor
market.
"
Septemb
er 19,
2025
Anna
Paulson
,
Philade
lphia
Fed
Preside
nt,
2026
voter:
No
public
remarks
on
monetar
y
policy
since
startin
g the
job
July 1,
2025.
Notes: The current policy rate target range is 4.00%-4.25%. The median of Fed policymaker projections in September is for a half of a percentage point further of rate cuts this year, though 9 of the 19 want less than that.
The Fed's seven governors, including the Fed chief and vice chairs, are nominated by the president and confirmed by the Senate. Each votes at every Federal Open Market Committee meeting, held eight times a year.
Miran, Waller and Vice Chair Bowman are Trump nominees. Barr, Jefferson and Cook - whom Trump is attempting to fire - were nominated by President Joe Biden. Powell was initially nominated to the Fed Board by President Barack Obama, elevated to chair by Trump in his first term, and renominated as chair by Biden.
All 12 regional Fed presidents discuss and debate monetary policy at the meetings, but only five cast votes, including the New York Fed president and four others who vote for one year at a time on a rotating schedule. Fed regional bank presidents are picked by the directors of their own regional banks, subject to approval by the Fed's Board of Governors.
Reuters over time has shifted policymaker designations based on fresh comments and developing circumstances. Below is a Reuters count of policymakers in each category, heading into Fed meetings.
FOMC Dove Dovi Cent Hawk Haw
Date sh rist ish k
Oct 3 3 8 4 1
'25
Sept 2 3 8 5 0
'25
July 1 3 8 7 0
'25
Jan. 0 3 9 7 0
-Jun
e
'25
Dec. 0 2 10 7 0
'24
Nov. 0 0 13 5 0
'24
Sept 0 1 12 5 0
'24
May 0 1 10 6 1
thro
ugh
July
'24
Marc 0 1 11 5 1
h
'24
Jan 0 2 9 4 1
'24
Dec 0 2 9 4 1
'23
Oct/ 0 2 7 5 2
Nov
'23
Sept 0 4 3 6 3
'23
June 0 3 3 8 3
'23
Marc 0 2 3 10 2
h
'23
Dec 0 4 1 12 2
'22