Warsh Eyes Less Frequent Fed Meetings Amid Inflation Concerns

Federal Reserve Chairman Kevin Warsh is considering reducing the frequency of the central bank's scheduled policy meetings, according to a report by The New York Times. The proposal was raised at this week's gathering of the rate-setting Federal Open Market Committee.

Currently, Fed policymakers meet eight times a year for a two-day gathering, after which they announce their policy decision. A reduction in the number of meetings would mark a significant shift for the US central bank, coming at a moment when investors have criticized Warsh's attempt to limit guidance to markets on the direction of interest rates and as the Fed faces mounting pressure to do more to curb inflation.

Warsh has signaled his intention to bring other changes, including potentially reducing the number of press conferences he holds after policy decisions. He also announced the creation of five task forces to consider possible changes to how the Fed conducts monetary policy.