Warsh Proposes Historic Cut to Federal Reserve Meeting Schedule

Kevin Warsh, Chairman of the Federal Reserve, is considering a significant operational change to the central bank's schedule. According to sources, he plans to reduce the number of annual Federal Open Market Committee (FOMC) policy meetings from eight to fewer than that.

The proposal would mark one of the most substantial reforms considered by the Fed in decades. The current eight-meeting-a-year schedule has been in place since 1981, when former Chair Paul Volcker introduced it.

Warsh's plan also includes reviewing press conferences and broader reforms to the central bank's communication and policy framework. He has already set up five working groups tasked with reviewing how the Fed operates.