Fed Chair Warsh Says FOMC Schedule Will Be Revamped Next Fall, With 6 Rate-Decision Meetings in 2028
JH Kim
Summary
- Fed Chair Kevin Warsh said he had decided to change the FOMC schedule starting next fall.
- The Fed will keep eight meetings a year, but one of them will not include a policy-rate vote.
- He added that he expects policy-rate decisions to be made at six meetings a year in 2028.
Forecast Trend Report by Period
The Federal Reserve plans to revamp the way it conducts Federal Open Market Committee meetings starting next fall. In 2028, the central bank is projected to hold six meetings a year to decide its benchmark interest rate.
Walter Bloomberg reported on October 28 that Fed Chair Kevin Warsh said the central bank had decided to change the FOMC schedule beginning next fall.
Warsh said holding eight meetings a year remains appropriate. But one of those meetings will not include a vote on the policy rate.
Another meeting will focus on discussions of monetary policy strategy.
He added that he expects six meetings in 2028 to include decisions on the policy rate.
JH Kim
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