Why does Fed Structure Matter More Than Headlines?

In this special edition of Markets with Megan, Megan Horneman, Chief Investment Officer at Verdence Capital Advisors, explains the structure of the Federal Reserve and the role of the Federal Open Market Committee (FOMC), the group responsible for voting on U.S. monetary policy.

Learn how rotating FOMC voting members, a potentially new Fed Chair in 2026, and the balance between “hawks” and “doves” influence policy debates and market reactions. Megan also addresses recent headlines around Fed leadership, central bank independence, and why committee dynamics often matter more than any single individual.

The discussion highlights why the Fed is likely to remain divided, how that division can contribute to market volatility, and why Verdence remains focused on economic growth, inflation, and earnings—not headlines—when evaluating portfolio positioning.

This episode accompanies Verdence’s white paper, Understanding the Fed Dynamic, available at verdence.com.

https://youtu.be/OiDDOTv5Dqo

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