Fed Might Alter Meeting Schedule: Implications for Economy

In the ongoing debate over the efficiency and relevance of its current schedule, Federal Reserve (Fed) President Kevin Warsh has shown interest in revising the frequency of monthly monetary policy meetings. According to reports from The New York Times, Warsh discussed the possibility of reducing the number of these sessions annually during a recent Fomc (Federal Open Market Committee) meeting. Currently, decisions regarding interest rates and other aspects of monetary policy are made at eight such meetings per year. If implemented, such changes could reflect an attempt by the Fed to align its agenda with today’s more predictable and stable economic environment.