The New York Times reports Fed Chair Kevin Warsh is considering reducing the
frequency of Federal Open Market Committee (FOMC) policy meetings. The 12-member
FOMC currently meets eight times a year to vote on interest-rate decisions. Four
people told the paper Warsh raised the legal basis for a minimum annual number
of meetings and discussed a potential timeline at a Fed meeting this week. He
asked officials to submit their views rather than holding a full agenda debate.
The change could trigger significant disruption and would mark the most
significant alteration to Fed operations in years.
