Warsh Reportedly Considering Reducing Number of Fed Meetings

Summary

A Bloomberg conversation discusses a New York Times report that Fed Chair Kevin Warsh is considering reducing the number of scheduled FOMC meetings. The hosts and a reporter explore the potential for a 'seismic change,' the possibility of a quick decision before the next meeting in September, and the impact on market communication and uncertainty. They note that emergency meetings can still happen, but fewer regular meetings could rattle markets.

• NYT reports Fed Chair Warsh proposed reducing FOMC meeting frequency.
• The idea was raised at the latest meeting; a decision could come before September.
• The change would be a major break with precedent and could unsettle markets.
• Fed retains ability to hold emergency meetings to react quickly.
• Unclear if Warsh would also restrict speeches by other Fed officials.
• Hosts note that the timing and motivation behind the proposal remain speculative.