Fed Holds Rates, but Warsh Is Shrinking Its Rate-Setting Calendar

Federal Reserve Chair Kevin Warsh held interest rates at 3.75% to 4.00% on Wednesday. He also said the Fed will shrink its rate-setting calendar, starting in 2027 with one meeting that skips rate votes. Only seven of the Fed’s eight 2027 meetings will set rates, and Warsh expects six of eight in 2028. Bitcoin (BTC) and other rate-sensitive assets could face fewer scheduled catalysts. Why Is Warsh Shrinking the Fed’s Rate-Setting Calendar? Warsh said the strategy-only meeting would give Federal Open Market Committee (FOMC) members room to debate long-term questions. Those strategy meetings would carry no policy statement and no vote on the Fed’s benchmark federal funds rate. He argued the calendar itself matters.

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