Federal Reserve Chairman Kevin Warsh is considering reducing the number of the central bank’s scheduled policy meetings, according to reports cited by multiple outlets. The New York Times reports that Warsh is exploring changes to the frequency of meetings, which currently occur eight times per year for a two-day gathering. Bloomberg and other coverage indicate that the proposal is being discussed within the Federal Open Market Committee (FOMC) context, including remarks or ideas raised during this week’s meeting. One reported option would have policymakers meet six times annually to decide on interest rates and related monetary policy actions, with two additional meetings focused on broader, substantive economic discussion. Several outlets characterize the idea as a major operational change for the Fed, with Business Line and Bloomberg noting that altering the meeting schedule would be among the most significant changes in decades tied to Warsh’s chairmanship. The reports describe the consideration as a possibility rather than a final decision, and they do not indicate that any schedule change has been formally approved.
Warsh weighs reducing frequency of Federal Reserve policy meetings, reports say
Key Points
- Kevin Warsh is considering reducing the frequency of the Fed’s scheduled policy meetings, according to reports.
- The Fed currently holds eight two-day meetings per year for policy decisions.
- Reports say Warsh raised or discussed the proposal during an FOMC meeting this week.
- One suggested plan is six meetings for interest-rate/monetary-policy decisions and two meetings for broader economic discussion.
- Outlets describe changing the meeting schedule as a major operational shift for the Fed.
6 sources
3 months ago
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How Outlets Covered This Story
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Business Line - Home
Fed Chair Kevin Warsh proposes reducing number of Federal Reserve policy meetings: Report
3 months ago
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The New York Times - Homepage
Warsh Considers Reducing Frequency of Fed Policy Meetings
3 months ago
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