The Federal Reserve on Thursday released a revised tentative 2027 meeting calendar in which policymakers will still gather eight times but will not issue a policy decision after the Oct. 26-27 session, which the central bank said will be dedicated to broad monetary policy strategy².

The New York Times reported Friday that the change is part of Chairman Kevin M. Warsh’s plan to have the committee vote on interest rates less often, with six policy votes and two strategy sessions by 2028¹.

The Fed’s release lists two-day meetings in January, March, April, June, July, September, October and November 2027, plus a January 25-26, 2028, session, and says a policy decision will be announced on the second day of each meeting except October 26-27².

The Times said the shift is meant to give officials a more even flow of economic data between rate votes, and that it will raise the importance of how Warsh describes the outlook between meetings, something the paper said he has so far resisted even as the Fed has been raising rates this year¹.

The Times also said officials appear broadly on board with fewer rate votes, and that the next meeting, next month, will come before fresh inflation data that arrives the day after a rate decision¹.

The Fed release does not describe 2028 meeting counts, Warsh’s communications, or inflation-data timing; those points appear in the Times account^1,2.

The Times dated the 2027 strategy gathering Oct. 25-26; the Fed’s release lists Oct. 26-27^1,2.

What, if anything, the Fed will publish after strategy-only meetings, and how Warsh will communicate between fewer rate votes, is not specified in the Thursday calendar².