Story perspectives

Fed to Cut Rate-Setting Meetings to Seven in 2027

By Drooid · Oct 28, 2026 · How we work

Read the story

Story summary

Summary

Fed Chair Kevin Warsh announced the Federal Open Market Committee will cut rate-setting meetings to seven in 2027.
In 2028, the committee will hold six meetings, two of which will discuss strategy without voting on rates.
The Fed kept the benchmark rate at 3.75%–4.00% while two of twelve members voted for a 0.25-point increase.
Warsh said the change frees time for the committee to deliberate long-term economic strategy.

1 of 1

Fed Chair Kevin Warsh announced the Federal Open Market Committee will cut rate-setting meetings to seven in 2027.
In 2028, the committee will hold six meetings, two of which will discuss strategy without voting on rates.
The Fed kept the benchmark rate at 3.75%–4.00% while two of twelve members voted for a 0.25-point increase.
Warsh said the change frees time for the committee to deliberate long-term economic strategy.