Fed to hold 7 rate votes in 2027 and 6 in 2028, Warsh says
Fed Chairman Kevin Warsh said the central bank will vote on rates seven times in 2027 and six times in 2028, down from the usual eight, and the Fed held rates steady on Wednesday.
Federal Reserve Chairman Kevin Warsh said the central bank will vote on interest rates seven times in 2027 and six times in 2028, The New York Times reports. The Fed has traditionally voted eight times a year.
Warsh made the announcement Wednesday, according to NBC News. CNBC and NBC News both report the Fed is cutting some meetings devoted to setting rates.
The Fed also held rates steady at the end of its October meeting, CNBC reports. The target range stays at 3.75% to 4%.
CNBC also interviewed bond investor Jeff Gundlach, founder of DoubleLine, on "Closing Bell" about the rate pause and the meeting change. The reports do not say what he said.
Reported by
- CNBCFed to cut back on the number of rate-setting meetings in coming years, says WarshWed, Oct 28, 2:45 PM EDT
- NBC NewsFed plans to eliminate some rate-setting meetings, Chairman Warsh saysWed, Oct 28, 2:50 PM EDT
- CNBCBond investor Jeff Gundlach talks to CNBC about Fed's rate pause, Warsh reducing vote-setting meetingsWed, Oct 28, 3:05 PM EDT
- The New York TimesFed Will Hold Fewer Rate-Setting Meetings Starting Next YearWed, Oct 28, 4:02 PM EDT
This story was written by AI using only the reports listed above, and published without a person reviewing it first. It is rewritten as new reports arrive. Read the original reporting for full detail. Spot an error? Tell us.
Earlier versions (1)
- Wed, Oct 28, 3:00 PM EDT, 2 outlets: Fed to hold fewer rate-setting meetings, Warsh says; rates unchanged