Fed Chair Kevin Warsh proposes reducing number of Federal Reserve policy meetings: Report
U.S. Federal Reserve
Chairman Kevin Warsh at this week’s interest-rate-setting
meeting raised the idea of reducing the number of the Fed’s
regularly scheduled meetings where it sets monetary policy, the
New York Times reported on Friday.
The move, if adopted, would break with nearly half a century
of practice and would serve as the most consequential
operational shift so far under the new Fed leader, who came
aboard about two months ago promising “regime change.”
It would significantly cut back on the information Wall
Street and the wider public would receive about the direction of
interest rate policy and the Fed’s interpretation of the state
of inflation and the job market – the focuses if its
congressional dual mandate – and the economy more broadly.
The Fed has held eight scheduled meetings a year since 1981,
a cadence established under former Chair Paul Volcker. In
emergencies – such as during the early days of the COVID-19
pandemic or during the 2007-2009 global financial crisis – Fed
leaders have convened unscheduled meetings – either over the
phone or in person – to address those exigent circumstances.
Published on August 1, 2026