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Federal Reserve Chairman Kevin Warsh is considering reducing the frequency of the central bank’s scheduled policy meetings, the New York Times reported Friday.
Warsh raised the proposal to change the frequency of meetings at this week’s gathering of the rate-setting Federal Open Market Committee, the paper added. A Fed spokesperson declined to comment.
Currently, Fed policymakers meet eight times a year for a two-day gathering, after which they announce their policy decision. A reduction in the number of meetings would mark a significant shift for the US central bank, coming at a moment when investors have criticized Warsh’s attempt to limit guidance to markets on the direction of interest rates and as the Fed faces mounting pressure to do more to curb inflation.
Fed policymakers voted 9-3 on Wednesday to hold interest rates steady. The rate decision was widely expected, but investors balked when Warsh declined to explain the decision or say he would support raising rates should inflation fail to slow.
Read more: Fed’s Warsh Rebuked by Investors Craving a Real Inflation Fight
Warsh, who took the ...
English (US) ·