Fed Scraps October 2027 Rate Vote, Leaving 8 Meetings but No December Session
Updated
Updated · The New York Times · Nov 12
Fed Scraps October 2027 Rate Vote, Leaving 8 Meetings but No December Session
3 articles · Updated · The New York Times · Nov 12
Summary
The Federal Reserve’s revised 2027 calendar turns the Oct. 26-27 meeting into a strategy session with no interest-rate vote and drops any December gathering, pushing the next policy decision to Jan. 25-26, 2028.
Eight meetings will still be held next year, but Chairman Kevin Warsh is reshaping them to reserve time for broader monetary-policy deliberation rather than near-term rate setting.
Warsh’s broader plan would cut rate-setting meetings to six by 2028 and add two strategy-focused sessions that would not include a policy statement.
Fewer voting meetings could leave the Fed with less flexibility if the economy shifts quickly, increasing the chance of impromptu meetings that have historically been used in crises.
The schedule change fits Warsh’s wider overhaul of Fed communication, which has already shortened policy statements, curtailed news conferences and dropped quarterly economic projections and the dot plot.