Fed officials shift from dovish to hawkish

The article discusses the shift in monetary policy leanings of U.S. Federal Reserve officials from universally dovish to uniformly hawkish due to the pandemic's economic impact. As inflation and labor market conditions improve, policymakers' outlooks for Fed policy have become more balanced and nuanced. The article provides a chart detailing officials' outlooks and notes that most policymakers did not expect further rate hikes by the end of the year.