Proposal by Fed official Kevin Warsh would cut rate-setting meetings from eight to six, altering a decades-long policy framework.
A Federal Reserve official is evaluating a plan to reduce the number of annual rate-setting meetings from eight to six, according to reports. The proposal, attributed to Fed Chair Kevin Warsh, would maintain two additional meetings focused on broader economic issues, marking a significant shift in the central bank’s long-standing policy framework.
The Federal Reserve has held eight regular FOMC meetings per year since the 1980s, with next year’s schedule already published. The potential change comes as the Fed navigates monetary policy amid evolving economic conditions, though no formal decision has been announced.
Markets have yet to react significantly to the proposal, which remains under internal discussion. The Fed’s current meeting structure is a cornerstone of its communication and policy-setting process.