Fed Chair Kevin Warsh plans strategy-only meetings and fewer rate decisions
The gist
Fed Chair Kevin Warsh said one 2027 meeting will skip rate votes and policy statements entirely.
His plan to cut rate decisions to six a year could make the $32 trillion Treasury market swing more.
How it unfolded
- May 22, 2026Kevin Warsh is sworn in as Federal Reserve chairman.
- Jun 17, 2026At his first news conference, after the Fed left rates unchanged, Warsh says he is forming five task forces on how the Fed communicates, its data sources and its inflation frameworks.
- Jul 29, 2026The Fed leaves its key rate unchanged at around 3.6% for a fifth straight meeting, with three officials dissenting in favor of higher rates.