Federal Reserve minutes show Chair Kevin Warsh proposed reducing the Federal
Open Market Committee's annual policy meetings from eight to six. Warsh said six
meetings — roughly once every two months — would allow more information to
accumulate between meetings and give policymakers and Fed staff more time for
strategic research and consideration of monetary policy. He solicited committee
views; the minutes state the meeting schedule will not change this year. The
minutes note that fewer policy meetings would represent a significant change to
how the Fed operates.
