Federal Reserve to Forgo Rate Decision at October 2027 Meeting

By Dean Seal

The Federal Reserve doesn't plan to make a decision on interest rates when its rate-setting committee convenes in October of next year, according to a tentative schedule released Thursday.

The central bank's proposed schedule calls for eight meetings of the Federal Open Market Committee in 2027, as is typical, but notes that the meeting slated for late October will not include a policy decision.

Since taking the helm last summer, Fed Chairman Kevin Warsh has been floating the idea of having fewer meetings, which would mark a significant shift in the central bank's operations.

Warsh said last month that the rate-setting committee had decided eight meetings was still "the right number," but that one meeting in 2027 would be dedicated solely to strategy discussions.

"One meeting will focus exclusively on broad monetary policy strategy, with neither a vote on the federal funds rate nor a policy statement anticipated," he said at the time.

The committee also plans to have two dedicated strategy meetings in 2028 and six for setting policy, Warsh said.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

November 12, 2026 13:30 ET (18:30 GMT)