Fed Drops October 2027 Rate Vote as Warsh Cuts FOMC to 7 Voting Meetings
Updated
Updated · CNBC · Nov 12
Fed Drops October 2027 Rate Vote as Warsh Cuts FOMC to 7 Voting Meetings
3 articles · Updated · CNBC · Nov 12
Summary
Oct. 26-27, 2027 will be a nonvoting Fed meeting devoted to broad monetary-policy strategy, with no rate decision or post-meeting statement.
7 voting meetings are now scheduled for 2027 instead of the usual eight, and the final meeting of the year shifts to November from December.
Kevin Warsh said the change is meant to reduce the Fed's market footprint and create more room for longer-horizon deliberation rather than constant near-term signaling.
Warsh has already shortened post-meeting statements and cut press conferences to about 30 minutes, and he said the number of nonvoting meetings will rise to two in 2028.