The Federal Reserve of the United States (Fed) has released the schedule of meetings that the central bank will hold in 2027, a revised program in which it is detailed that the meeting scheduled for October 26 and 27 will not include monetary policy decisions.
This change had already been previewed by Fed president Kevin Warsh during the press conference held after the latest meeting of the issuing institute, where he explained that his objective was to reduce the number of occasions on which decisions are made on interest rates.
Thus, Warsh noted that in 2027 he will eliminate one meeting with a monetary policy decision and replace it with a meeting focused on debating general questions of monetary policy strategy. For 2028, the number of meetings devoted to this type of analysis will rise to two.
With these adjustments, the Federal Reserve will go from having eight reviews of interest rate guidance to a total of six.
Warsh defended the modification, arguing that the Federal Open Market Committee (FOMC, for its English-language initials) needs to set aside time and space to "reflect again on important issues and to look at our long-term outlook on the left side of the decimal point" of interest rates, as he said.
"This is an institutional decision that affects the nature and quality of our deliberations and, ultimately, the soundness of our decisions. It is one more change to channel the conduct of monetary policy," affirmed the 'guardian of the dollar'.
The Fed president has not yet specified what contents the meetings in which no interest rate decisions are adopted will address, and he has also pointed out that after those meetings no statement will be released either.