On Thursday (January 4th) local time, the St. Louis Fed announced on its official website that Alberto Musalem will serve as the new chairman of the regional Fed, scheduled to take office on April 2nd. Last July, James Brad resigned from this position, currently held by First Vice Chairman Kathleen O&amp# 39; Neill takes on the role. Due to the fact that the Chairman of the St. Louis Federal Reserve is the rotating voting committee of the Federal Open Market Committee (FOMC) in 2025, Musalem will have voting rights in eight monetary policy meetings.