Federal Reserve Cuts Rate-Setting Meetings to 7 in 2027 as Warsh Shifts Focus to Strategy
Updated
Updated · The New York Times · Oct 28
Federal Reserve Cuts Rate-Setting Meetings to 7 in 2027 as Warsh Shifts Focus to Strategy
3 articles · Updated · The New York Times · Oct 28
Summary
Seven of the Fed’s eight scheduled 2027 meetings will include interest-rate votes, with the eighth reserved solely for broader monetary policy strategy, Chair Kevin Warsh said Wednesday.
Six rate-setting meetings are planned for 2028, with two sessions devoted to longer-run strategy, reflecting Warsh’s push to carve out more time for big-picture deliberation.
Eight regular meetings have been the Fed’s standard since the 1980s, so the change marks a notable break in operating practice under a chair who took office in May.
Critics say fewer voting meetings could slow the Fed’s response to inflation or labor-market shifts and continue a broader pullback in transparency, though supporters note emergency meetings remain available.