Key facts
- Policymakers will still gather eight times in 2027, but the October 26-27 meeting is set aside for strategy discussion, the Fed said.
- The final rate-setting meeting of 2027 moves to November 16-17 from December 7-8, the Fed said.
- Officials will not meet again until January 25-26, 2028, a two-month gap, the Fed said.
- March, June and September 2027 meetings no longer carry the asterisk marking quarterly economic projections, per the Fed's listing.
- Warsh said at his October 28 press conference he expects two strategy meetings and six policy meetings in 2028.
- Warsh has set up a task force to review Fed communications and strategy, including whether to keep publishing the dot plot.
The Federal Reserve on November 12 published an updated schedule of monetary policy meetings for 2027, following Chairman Kevin Warsh's announcement in October that policymakers would debate and vote on interest rates seven times next year instead of the eight that has prevailed for decades.
Policymakers will still gather eight times, but the meeting set for October 26-27, 2027 will be dedicated to the discussion of broad monetary policy strategy issues, the Fed said in a statement. The final scheduled meeting of the year moves to November 16-17 from the originally scheduled December 7-8 and will be a rate-setting meeting. Officials then will not meet until January 25-26, 2028, a two-month gap.
"I expect that in 2028, we'll have two meetings dedicated to discussions of strategy and six for setting policy," Warsh said at his October 28 press conference. That cadence would give officials two months of economic data to assess between meetings, he said.
On the updated page listing Fed policy meetings, the March, June and September 2027 gatherings are no longer marked with an asterisk designating them as meetings at which officials submit quarterly economic projections. Warsh is disdainful of the practice, which began under former Chair Ben Bernanke, and has not submitted projections of his own since becoming Fed leader in May.
He has established a task force to review the Fed's communications practices and strategy, including whether to continue publishing the so-called dot plot of policymaker projections. That panel has not yet delivered its findings and recommendations to Warsh and the other 18 Fed policymakers.