Story thread · 2 reports / 2 sources

What happens if the Fed holds fewer policy meetings

axios.com · 8dShare

Federal Reserve chairman Kevin Warsh is reportedly weighing whether the central bank should hold fewer policy meetings each year. Why it matters: Cutting the Fed's meeting schedule would be the biggest change to the process of monetary policymaking in decades, reducing the procedural burden on staff but giving policymakers fewer routine opportunities to adjust interest rates as the economy changes. Driving the news: The New York Times reported Friday that Warsh raised the idea of holding fewer meetings to discuss interest rates, citing four people familiar with the matter. Bloomberg later reported that he floated six rate-setting meetings each year, plus two meetings focused on broader economic issues. Any new schedule could be decided before the Fed's September meeting, according to the Times. Zoom out: Warsh could make the change without congressional approval. The Federal Reserve Act requires the Fed's rate-setting committee to meet at least four times a year. The current eight-meet

First report: Fewer Fed Meetings Could Fuel Market Volatility — bloomberg.com, 10d