Warsh Plan to Cut FOMC Meetings to Six Sparks Market Reevaluation
On August 19, 2026, the Federal Reserve published its minutes from the July 28-29 FOMC meeting. Buried in the details was a proposal by Chair Kevin Warsh to reduce the institution's annual meeting schedule from eight sessions to six, starting in 2027.
This shift would be the most substantial change to the Fed's governance structure in over a generation. The current eight-meeting calendar has been in place since the early 1980s and is higher than that of other major central banks.
The proposal involves pairing six formal rate-setting sessions with two additional forums dedicated to broader economic and institutional policy thinking. This separation would allow policymakers to focus on strategic review without being dominated by short-term data, which currently requires a rate decision at each session.