Federal Reserve Chairman Kevin Warsh said the Fed has decided to change the Federal Open Market Committee meeting schedule in 2027 and 2028.
Details: In a speech following this week’s FOMC rate announcement, Warsh said:
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He thinks eight meetings per year is the right number for the FOMC, but in 2027 one meeting will focus exclusively on broad monetary policy strategy, with neither a vote on the federal funds rate nor a policy statement anticipated.
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In 2028, the committee will have two meetings dedicated to discussions of strategy and six for setting policy.
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He believes the setting of the meeting schedule and agenda is a chance to get the conduct of monetary policy on the right track.