Warsh Reportedly Considering Reducing Number of Fed Meetings

• The proposal to reduce Fed meeting frequency would be a 'seismic change' and a large break with precedent.
• Such a change could 'rattle markets' and lead investors to 'guess more' about the Fed's next moves.
• While the Fed can still conduct emergency rate moves, less frequent scheduled meetings could impact market communication and stability.
• The chairman has previously suggested reducing the number of post-meeting press conferences, but reducing meeting frequency is a more fundamental change.

Bloomberg News' Kate Davidson discusses a New York Times report that Federal Reserve Chairman Kevin Warsh is considering reducing the frequency of Fed policy meetings. This move would be a 'seismic change' and a significant break with precedent, potentially rattling markets by increasing uncertainty about future monetary policy decisions.