Key Notes
- The Fed plans eight FOMC gatherings but seven scheduled rate-setting meetings in 2027.
- October 26-27 is reserved for discussion of monetary policy strategy.
- The final rate meeting moves from December 7-8 to November 16-17, with all dates still tentative.
The Federal Reserve has revised its 2027 schedule to provide seven rate-setting meetings while keeping eight FOMC gatherings overall. The October 26-27 session will be devoted to monetary policy strategy.
The calendar, announced November 12, puts into practice a change Chair Kevin Warsh outlined last month. It also brings the year’s final scheduled policy decision forward to November 17.
The Revised 2027 FOMC Calendar
The Fed’s meeting calendar lists the following tentative dates. Policy decisions are scheduled for the second day of each meeting except October:
- January 26-27
- March 16-17
- April 27-28
- June 8-9
- July 27-28
- September 14-15
- October 26-27 – monetary policy strategy meeting
- November 16-17
Each date remains tentative until confirmed at the meeting immediately before it.
Warsh Makes Room for Longer-Term Strategy
Warsh described the new format at his October 28 press conference, following the Fed’s rate hold at 3.75%-4%. He said eight annual gatherings remained appropriate, with one session in 2027 dedicated to broader strategy and neither a federal funds rate vote nor a policy statement anticipated.
His argument was that policymakers need time both to assess incoming economic data and to examine larger questions over longer horizons. The October session creates a separate space for that discussion.
Warsh also said he expects two strategy meetings and six rate-setting meetings in 2028. That was an expectation he outlined in October; the new announcement sets out the revised 2027 dates.
The Final Rate Meeting Moves to November
The November 16-17 session replaces the previously scheduled December 7-8 meeting. Under the revised calendar, the regular rate-setting meetings in the autumn fall on September 14-15 and November 16-17, with the strategy session between them.
That leaves nine weeks between those scheduled policy decisions. The next gathering listed after November is January 25-26, 2028.
