Warsh considers cutting frequency of rate-setting meetings, NYT reports

Investing.com -- Newly appointed Federal Reserve Chair Kevin M. Warsh is weighing a potential reduction in the number of regularly scheduled monetary policy meetings, according to reporting from The New York Times. Under the current framework, the 12-member policy committee convenes eight times annually to determine the trajectory of benchmark interest rates. In tandem with meeting frequency, Warsh has indicated a willingness to scale back post-decision press conferences to streamline policy messaging. For financial markets, reducing the frequency of policy meetings could alter rate expectation dynamics and increase volatility around remaining decision dates. Related articlesWarsh considers cutting frequency of rate-setting meetings, NYT reportsGhosts of the 1970s: Why three Fed hawks voted to spike ratesCanadian economy set for strong rebound with 3.4% Q2 expansion