Fed Chair Warsh: Two 2028 Meetings Expected to Skip Rate Votes

The signal here is procedural rather than monetary: a sitting Fed chair publicly sketching a calendar where some meetings produce no rate decision at all. That matters less for what it says about the current policy path than for what it implies about how the central bank wants its meeting rhythm viewed — and it lands without any stated rationale, which leaves the market to infer intent. The practical effect is limited until the specific sessions and reasoning are known. Whether this stays a passing remark or becomes a formal change to the policy calendar is the open question worth watching.