Warsh's Planned Strategy Meeting is Biggest Takeaway from Fed
Dow Jones05:24
1723 ET - The big news out of the Federal Reserve's rate-setting committee meeting is Chairman Warsh's decision to take rate decisions off of the table for one of the Fed's eight meetings next year, BMO analysts say in a research note. Starting next fall, one of the FOMC's meetings will be dedicated exclusively to long-term strategy, according to Warsh, who didn't provide further details. "The specifics of what will be discussed at the 'strategy' or 'non-live' meetings weren't revealed and likely won't be known for some time," the analysts say. Warsh said he hoped to have two such meetings in 2028.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments