Fed Will Not Vote on Interest Rates at Its October 2027 Meeting

The Federal Reserve announced on November 12 that the Federal Open Market Committee (FOMC) will discuss broad strategic issues in monetary policy at its October 26–27, 2027 meeting, without holding a formal vote on interest rate adjustments or issuing a post-meeting statement. Under the new schedule, the committee will hold seven voting meetings in 2027, and its final meeting of the year will take place in November instead of December as previously planned.

Federal Reserve headquarters in Washington, D.C., United States.（VietVance）

Fed Chair Kevin Warsh had announced a change to the meeting schedule after the committee’s October meeting, but did not specify at the time which meeting would be affected. He said sound policymaking requires regular, well-informed assessments of short-term developments at appropriate intervals.

The change is part of Warsh’s effort to streamline the Fed’s public communications. He has criticized its previous communications strategy, arguing that policymakers spent too much time guiding market expectations about future policy moves, potentially constraining them when decisions had to be made.

The Fed typically holds eight meetings a year, voting on interest rates and holding a press conference with the chair after each one. Since Warsh became chair, post-meeting statements have become significantly shorter, and press question-and-answer sessions have been cut from the usual roughly 45 minutes to about 30 minutes. He also said in October that the number of meetings without a vote would rise to two in 2028. Under the schedule at the time of reporting, the committee’s next meeting was set for December 8–9, 2026, and its first meeting of 2027 was expected to take place on January 26–27.

Source: VietVance