Federal Reserve Chairman Kevin Warsh is considering reducing the frequency of the central bank’s scheduled policy meetings, the New York Times reported Friday. He raised the proposal at this week’s gathering of the Federal Open Market Committee. Currently, the Fed meets eight times a year for two-day gatherings. This reduction would mark a significant shift for the US central bank, coming as investors have criticized Warsh’s limited guidance on interest rate direction and as the Fed faces mounting pressure to curb inflation. Fed policymakers voted 9-3 on Wednesday to hold interest rates steady.
Source: Read the original article
