BREAKING: Fed Chair Warsh is considering reducing the amount of times that the Fed meets in a year, per NYT.
Details include:
1. The FOMC has met eight times annually since 1981, with Federal law requiring at least four meetings per year
2. Fed Chair Warsh has reportedly not proposed a specific number of meetings
3. Fewer meetings would mean fewer scheduled rate votes and less frequent policy decisions
A major shift is underway at the Fed.