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 ... (full story)