Federal Reserve Chair Kevin Warsh will not submit an individual interest-rate projection to the Federal Open Market Committee's upcoming summary of economic projections, a departure from the standard quarterly release.
The omission means the Fed's dot plot will lack the granular breakdown of where individual policymakers expect the federal funds rate to settle over the next few years.
The decision strips the FOMC's quarterly summary of its most detailed forward-looking signal, leaving investors to parse the broader rate outlook without the usual breakdown of individual officials' stances.
Markets will instead rely on the median projection and the accompanying economic forecasts to gauge the trajectory of monetary policy under Warsh's leadership.
The move comes as Warsh prepares to deliver his first policy decision at the conclusion of the two-day meeting on Wednesday.
The new chair, who was recently sworn in following Senate confirmation, faces immediate market scrutiny as investors assess the direction of his leadership.