Federal Reserve Chairman Kevin Warsh announced a significant shift in the central bank’s meeting schedule, starting in 2027. The Fed plans to reduce the number of interest-rate decisions from eight to six each year, though it will still hold eight policy meetings annually. Beginning next year, one of those meetings will focus on discussing broad monetary policy strategy without a vote on rates or a policy statement release. Warsh indicated this change will likely expand to two such meetings in 2028.
The adjustment aims to streamline the Fed’s decision-making process while maintaining its ability to address broader economic strategies. The move reflects a growing emphasis on strategic discussions alongside traditional rate-setting activities. Warsh’s announcement came during a Wednesday address, outlining the phased approach to implementing these changes.