Fed Chair Warsh Announces Cut in Meeting Frequency for 2027-28
Federal Reserve Chairman Kevin Warsh announced on 27 October that the central bank will cut the number of its annual rate-setting meetings to seven in 2027 and six in 2028, with the remaining sessions dedicated to broader policy discussions, Moneycontrol. com reported on 29 October. The announcement came after the Fed voted 10-2 to keep the federal funds rate at 3.
% amid persistent inflation, Fox Business said. Warsh said the bank would continue focusing on price stability while the economy showed strong growth, FXStreet reported. Analysts had expected the Fed to hold rates steady throughout October, reflecting ongoing inflation concerns.