Warsh Eyes Overhaul of Fed's Policy Meeting Schedule

Federal Reserve Chairman Kevin Warsh is considering reducing the frequency of policy-setting meetings, a move that could significantly overhaul how the central bank communicates with financial markets.

The proposal, which would decrease the number of gatherings from eight to potentially four times a year, is part of a broader effort by Warsh to reform central bank operations. This includes shortening official policy statements and limiting forward-looking guidance provided to investors.

Warsh's push for change comes as the FOMC currently convenes eight times per year for two-day sessions to vote on benchmark interest rates and issue economic projections. Reducing this cadence would break from a pattern established in 1981 under former Chairman Paul A. Volcker.