Four New Voters Joining the Fed's Policy Group

The video discusses the Federal Reserve's interest rate changes and the coincidental timing with changes in the Fed's voting structure. It explains the rotation of regional Fed bank presidents and their influence on policy, highlighting the difference between hawkish and dovish views. The Fed's target rate is expected to exceed 5% by the end of the year, with no rate cuts anticipated in 2023, despite changes in voters.

How does the change in voting structure of the Fed relate to the policy?

What is the expected target rate of the Fed by the end of the year according to the text?