Fed voters a less-hawkish bunch in 2020, lowering bar for U.S. rate cut

• The bar for cutting U.S. interest rates may get a little lower next year when a new crop of central bankers rotate into voting spots on the Federal Reserve's policy-setting panel as part of its annual membership reshuffle.
• The four regional Fed bank presidents gaining a vote on interest rates starting in January are slightly less hawkish overall than the four they replace, a review of public comments and voting records shows.
• Fed Chair Jerome Powell has said that after three rate cuts this year, only a "material" change to the economic outlook could trigger a further reduction. When they meet next week for the last time this year, policymakers are expected to leave rates in the current range of 1.5% to 1.75%.

(Source Reuters)