Fed will drop one interest rate vote next year; two in 2028
FROM THE WIRE · AMERICANBANKER.COM
Federal Reserve Chair Kevin Warsh Wednesday said the Federal Open Market Committee will continue to meet eight times a year, but one such meeting will not include an interest rate vote or an official policy statement.
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA change in FOMC meeting structure affecting how often rate decisions occur, with limited direct price effect.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Fed Chair Kevin Warsh said the FOMC will continue to meet eight times a year.
- 02One such meeting will not include an interest rate vote or an official policy statement.
- 03The change concerns next year and 2028.