Fed Chairman Kevin Warsh Proposes Overhauling FOMC Meeting Schedule

Federal Reserve Chairman Kevin Warsh has proposed a significant revision to the frequency and timing of the Federal Open Market Committee's regular policy meetings. Under the proposed schedule, policymakers would meet six times annually to determine interest rates and monetary policy, and twice a year specifically for substantive economic discussions.

This plan would replace the current system, established in the early 1980s, which mandates eight annual meetings in Washington. Warsh also suggests aligning meeting dates more closely with major economic data releases to improve the quality of decision-making.

Appointed in May by President Donald Trump, Warsh is pursuing these changes as part of a broader effort to reform the operations of the Federal Reserve System. His proposed reforms include potentially shortening post-meeting policy statements and reducing the total number of press conferences.