The Federal Reserve’s policy-making panel is about to get a hawkish mid-year reshuffle. The retirement of New York Fed President William Dudley on June 17 will trigger a series of events that ultimately shifts a vote on the Federal Open Market Committee to Kansas City Fed chief Esther George, possibly the most hawkish official among the current cast of U.S. central bankers. Last a voter in 2016, George favored an interest-rate increase at five of eight meetings. The committee raised rates only once that year. To be clear, Dudley will be replaced as the head of the New York Fed, and as a permanent FOMC voter, by John ... (full story)