Fed's Warsh weighs cutting regular FOMC meetings to six from eight a year
Federal Reserve (Fed) Chair Kevin Warsh is reportedly weighing whether the US central bank should hold fewer policy meetings each year, according to the New York Times, citing four people familiar with the matter.
Federal Reserve Chair Kevin Warsh is reportedly considering the possibility of reducing the number of Federal Open Market Committee (FOMC) meetings held annually from the current eight to six, according to multiple sources. Bloomberg has also reported that Warsh suggested a schedule featuring six regular meetings plus two additional ones dedicated to broader economic matters.
Typically, the eight annual FOMC meetings have been the standard since the 1980s. Any changes to this schedule would represent a significant deviation from the established monetary policy framework in place for decades. The Fed's primary objective is to achieve price stability and promote full employment, with interest rate adjustments serving as the primary tool for accomplishing these goals.
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