FOMC to Revise Meeting Schedule, Adding Dedicated Monetary Policy Strategy Sessions

This speech outlines a decision to restructure the Federal Open Market Committee's annual meeting schedule beginning in the fall of 2027. The speaker explains the rationale for reserving specific meetings exclusively for broad monetary policy strategy discussions, without votes on the federal funds rate or policy statements.

■ New FOMC Meeting Schedule
- Eight meetings per year will remain the standard going forward
- In 2027, one meeting will focus solely on monetary policy strategy, with no rate vote or policy statement
- In 2028, two meetings will be dedicated to strategy discussions, with six reserved for policy setting

■ Reasoning Behind the Change
- Near-term developments require regular, timely, and information-rich assessment
- The committee also needs protected time for strategic deliberation across longer time horizons
- An intellectually diverse group benefits from space to think anew about big questions

Those following central bank governance, monetary policy frameworks, or Federal Reserve communications will find this a concise account of how the FOMC intends to balance short-term policy decisions with longer-term strategic thinking.