Important reform by the Federal Reserve!

Federal Reserve Chair Kevin Warsh announced a major reform: from 2027 to 2028, the frequency of interest rate deliberations at Federal Open Market Committee monetary policy meetings will be gradually reduced. Specifically, the Federal Open Market Committee will still hold 8 monetary policy meetings each year. However, in 2027, one monetary policy meeting will focus on broad monetary policy strategy, at which no vote on the federal funds rate is expected and no policy statement will be issued, and in 2028 such meetings will increase to two.