ICYMI: Federal Reserve Chair Warsh weighs cutting Fed meetings, biggest policy shake-up in decades

---Last week---Warsh is reportedly considering the biggest change to the Fed's meeting schedule in decades, potentially cutting the current eight sessions down to six rate meetings a year. Summary:Fed chair Kevin Warsh is reportedly weighing whether the central bank should hold fewer policy meetings each year, according to the New York Times (gated), citing four people familiar with the matter. The Federal Reserve Act sets a legal minimum of four meetings a year for the rate-setting committee, well below the current schedule. Each of the eight scheduled meetings currently triggers weeks of staff analysis, the preparation of briefing books, and a round of public communications. With fewer scheduled meetings, the Fed would have fewer routine opportunities to adjust interest rates as economic conditions evolve.