# Fed cuts rate meetings to focus on strategy

> Fed plans fewer rate-setting meetings starting 2027 to prioritize long-term strategy.
- Title: Fed cuts rate meetings to focus on strategy · CNBC | Shortify
- Summary: Fed plans fewer rate-setting meetings starting 2027 to prioritize long-term strategy.
- Keywords: federal reserve, fed, interest rates, monetary policy, rate-setting meetings, strategy sessions, 2027, 2028, fomc, policy decisions, CNBC
- Source: CNBC — https://cnbc.com/2026/10/28/fed-meeting-today-live-updates.html
- Author: Jeff Cox,Darla Mercado, CFP®
- Published: 2026-10-28T11:38:47+00:00
- Read time: 2 min
- Topics: federal reserve, fed, interest rates, monetary policy, rate-setting meetings, strategy sessions, 2027, 2028, fomc, policy decisions, business, finance
## Fed holds rates steady
The Federal Reserve maintained its target range of 3.75% to 4% at its October meeting.
## Two Fed members dissent
Governor Lisa Cook and Cleveland Fed President Beth Hammack favored raising rates by a quarter percentage point.
## Fed reduces meetings starting 2027
Fed Chairman Kevin Warsh announced fewer rate-setting meetings with one strategy session in 2027.
## Two strategy sessions in 2028
In 2028, the Fed will host two meetings focused on strategy and six on policy setting.
## Warsh rejects forward guidance
Warsh stated he does not favor signaling future interest rate paths through forward guidance.
## Economic growth strengthened
Warsh reported economic growth has strengthened with GDP revised up to 2.4% in first half.
## Price stability focus
Fed emphasized price stability as primary mandate with employment showing positive trends.
## Warsh on AI build-out impact
Higher interest rates have affected AI infrastructure build-out and credit conditions.
## No political influence on decision
Warsh confirmed politics did not influence the rate decision or meeting outcome.
## Strategy meetings avoid rate decisions
Warsh stated no rate decisions or policy statements will be made at strategy sessions.
## Economist questions Fed's stance
Economist Michael Feroli questions Fed's decision to hold rates after expected inflation rise.
## Inflation remains elevated
Fed officials noted inflation remains elevated with more data needed for next steps.
## Market expectations shift
Fed funds futures traders now expect rates to stay steady before December hike.
## Consumer rates rise
30-year mortgage rates increased to 7.33% after Fed's September rate hike.
## Warsh on financial conditions
Warsh noted financial conditions have tightened since last September's rate hike.
## Fed's strategy change rationale
Warsh explained changes to meeting schedule allow time for strategic deliberations.
## Key takeaway

Fed will host fewer rate-setting meetings in 2027 and 2028, with one strategy session per year starting in 2027.