Warsh Considers Reducing Frequency of Fed Meetings

“Kevin Warsh is considering reducing the number of regularly scheduled meetings at which the Federal Reserve sets interest rates, a potentially seismic move that would mark the most significant change in how the central bank operates in years,” the New York Times reports.

“The Federal Reserve’s 12-person policy committee meets eight times a year and votes on whether to lift, lower or hold borrowing costs. Mr. Warsh raised the idea of changing the frequency of those meetings at the Fed’s gathering this week.”

Bloomberg: Warsh’s Fed is “upending markets.”