Finance1 min read

US Fed sets new meeting schedule for 2027, as foretold by Chairman Kevin Warsh

By · Published by Everything Blog

In short

The Federal Reserve will hold eight meetings in 2027, but the late October session will focus exclusively on monetary strategy rather than interest rates. Officials also moved the final rate-setting meeting to mid-November, opening a two-month gap prior to their late January 2028 session. Additionally, the updated calendar stripped formal designations for releasing quarterly economic projections. A task force is currently examining central bank communications, though it has not yet delivered its findings to the 19 Fed policymakers.

Key points

  • The updated 2027 schedule prepares the central bank for an eventual cadence of six rate-s…: The updated 2027 schedule prepares the central bank for an eventual cadence of six rate-setting sessions and two strategy meetings in 2028.
  • Spacing out rate decisions gives policymakers approximately two months of incoming econom…: Spacing out rate decisions gives policymakers approximately two months of incoming economic data to evaluate between policy moves.
  • A dedicated task force is reviewing central bank communication practices, leaving the fut…: A dedicated task force is reviewing central bank communication practices, leaving the future of the quarterly dot plot uncertain.

Sources checked by our analysis pipeline: 1

Policymakers will still gather eight times, but the meeting set for October 26-27, 2027, now "will be dedicated to the discussion of broad monetary policy strategy issues," the Fed said in a statement.

Also Read | US stocks: Nvidia shares plunge 13% after Jensen Huang quits as CEO; Colette Kress named interim chiefThe final scheduled meeting of the year will now be held on November 16-17 rather than the originally scheduled December 7-8, and that will be a rate-setting meeting. After that, officials will not meet until January 25-26, 2028, a full two-month gap, in keeping with Warsh's announcement last month.

"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 permit officials to have two months of economic data to assess between meetings.

Also, on the updated page listing Fed policy meetings, the meetings in 2027 for March, June and September are no longer marked with an asterisk designating them as gatherings at which officials submit their quarterly economic…

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