7 rate-setting meetings planned for 2027; Chair Warsh to maintain eight meetings

The Federal Reserve plans to hold seven rate-decision meetings in 2027, down from eight scheduled FOMC sessions, by dedicating one meeting solely to discussing its monetary policy strategy framework without a rate vote or policy statement. Chair Kevin Warsh announced the plan at a press conference on October 28, adding that in 2028 the Fed will expand strategy discussions to two meetings, further reducing rate-decision sessions to six. The Fed's published 2027 calendar lists all eight regular meeting dates, but has not yet specified which session will be assigned to the strategy discussion. The restructuring marks a notable shift in how the central bank allocates its meeting schedule, separating its periodic framework reviews from rate-setting decisions. Markets will watch for clarification on which 2027 meeting is designated for strategy talks and how the reduced voting schedule affects the pacing of policy signals.