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Fed’s Incoming Voters Skew Hawkish. Biden Picks May Tilt Balance

  • Hawks replace some doves in annual rotation on policy panel
  • Boston vote to be cast by Philadelphia’s Harker as alternate

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On paper, the U.S. central bank’s policy-setting committee is set for a hawkish lean this year as incoming voters in the annual rotation among regional Fed presidents replace some colleagues who’ve typically been more dovish.