Waller: FOMC to Adjust Meeting Schedule Starting Next Fall, Reducing to 6 Meetings Per Year from 2028
nashnova research
Fed Chair Kevin Warsh announced the FOMC will cut its policy meetings from 8 to 6 per year starting in 2028, with the new schedule taking effect next fall — leaving markets with two fewer rate-decision windows each year.
What is changing?
The FOMC currently holds 8 policy-setting meetings a year; from 2028, that drops to 6.
The new calendar takes effect next fall, when the specific dates will be published.
This means → starting in 2028, markets will face two fewer scheduled rate-decision points each year.
What does Warsh himself think?
Warsh stated explicitly that 8 meetings a year is an appropriate number.
Yet he confirmed the new schedule will proceed as planned, offering no sign of opposition.
In plain terms = the chair considers the current pace adequate, but the reform moves ahead anyway — this looks more like a deliberate institutional redesign than dissatisfaction with the status quo.
What does it mean for markets?
Fewer meetings = each session carries greater decision weight, likely amplifying volatility around each one.
Longer gaps between meetings increase pressure on the Fed to steer expectations via speeches and minutes in the interim.
This reflects the Fed re-examining its own communication rhythm and decision-making framework — not simply "meeting less."
市场有风险，内容仅供研究参考，不构成投资建议。