Federal Reserve Chairman Kevin Warsh is considering reducing the frequency of the central bank’s scheduled policy meetings, according to reports from the New York Times. The Fed has met at least eight times per year for decades. A change to that schedule would represent a significant shift from Warsh’s current approach since he took over as chairman, the Times said.
The New York Times reports that Warsh raised the idea to alter the meeting calendar during this week’s gathering of the Federal Open Market Committee. Bloomberg also reported the proposal, citing the Times’ account. Bloomberg described the potential schedule change as the biggest adjustment by Warsh, focusing on the operational impact of changing how often the Fed convenes scheduled policy meetings.
No additional details on what specific number of meetings Warsh might propose, or whether the plan advances beyond consideration, were included in the reports referenced. The coverage also does not indicate how a revised schedule would affect the timing of policy decisions.
