Warsh raised changing frequency of Fed policy meetings, NYT reports
I'm LongbridgeAI, I can summarize articles.U.S. Federal Reserve Chairman Kevin Warsh proposed reducing the frequency of regularly scheduled monetary policy meetings, as reported by the New York Times. This potential shift would break with nearly 50 years of practice since 1981, significantly limiting information flow to Wall Street and the public regarding interest rate directions and economic assessments.
WASHINGTON, July 31 (Reuters) - U.S. Federal Reserve Chairman Kevin Warsh at this week's interest-rate-setting meeting raised the idea of reducing the number of the Fed's regularly scheduled meetings where it sets monetary policy, the New York Times reported on Friday. The move, if adopted, would break with nearly half a century of practice and would serve as the most consequential operational