Federal Reserve to Forgo Rate Decision at October 2027 Meeting
The central bank will still hold eight meetings in 2027, but officials will use the October session for strategy discussions instead of a rate vote.
- The Federal Reserve released an updated 2027 calendar on Thursday, reducing rate-setting votes to seven by designating the Oct. 26-27 session as a nonvoting meeting dedicated to broad monetary policy strategy.
- Chairman Kevin Warsh announced the schedule changes last month, framing the move as part of a broader initiative to streamline The Federal Reserve's communications and reduce its market footprint.
- Under Warsh, the Fed has cut press question-and-answer sessions to around half an hour from their customary 45 minutes and removed projection asterisks from 2027 meeting listings.
- The final 2027 rate-setting meeting will occur Nov. 16-17, while Warsh expects that in 2028, "we'll have two meetings dedicated to discussions of strategy and six for setting policy."
- Warsh argues the schedule is an "institutional choice," stating that "it's equally important we reserve time and space, as an intellectually diverse group, for strategic deliberations" on long-term policy.
27 Articles
27 Articles
(New York = Yonhap News) Correspondent Kim Yeon-sook = The U.S. Federal Reserve (Fed) released the schedule for the 2027 Federal Open Market Committee (FOMC) meeting on the 12th (local time)...
US Fed sets new meeting schedule for 2027, as foretold by Chairman Kevin Warsh
The Federal Reserve will hold seven rate-setting meetings in 2027 instead of the customary eight, while dedicating its October gathering to broader monetary-policy strategy. The revised schedule also moves the year’s final policy meeting to November and removes designations for quarterly economic projections as Chair Kevin Warsh reviews the Fed’s communication practices.
The change is part of a broader initiative by President Kevin Warsh aimed at reducing the central bank’s presence in the market
Fed sets new meeting schedule for 2027, as foretold by Warsh
Nov 12 (Reuters) - The US Federal Reserve on Thursday unveiled an updated schedule for monetary policy meetings for 2027 following Chairman Kevin Warsh's announcement last month that policymakers would only debate and vote on interest rates seven tim...
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