Warsh Proposes Reducing Fed Policy Meetings

Federal Reserve Chair Kevin Warsh has proposed reducing the number of regularly scheduled monetary policy meetings, according to a New York Times report.

The proposal would mark the biggest operational change at the Federal Reserve in decades and alter how often policymakers communicate with Wall Street and the public.

The Fed has held eight scheduled meetings a year since 1981, established under former Chair Paul Volcker. This move could significantly cut back on information about interest rate policy, inflation, and job market data.