Fed Weighs Fewer Rate Meetings, Crypto Braces for Sharper Swings

Federal Reserve Chair Kevin Warsh wants to cut the number of interest-rate decisions the central bank makes each year. The proposal, raised during last week's Federal Open Market Committee meeting, would reduce the annual count from eight to six, while adding two separate gatherings focused on broader economic issues.

The change is part of a wider push by Warsh to overhaul how the Fed communicates with markets. Since taking office in May, he has shortened policy statements, reduced forward guidance, and considered cutting post-meeting press conferences. He has also created five task forces to review the Fed's communications, balance sheet, data practices, and the role of artificial intelligence in the economy.

Some regional Fed officials have signaled they are open to the discussion. Neel Kashkari and Anna Paulson both said they would consider the idea, the Fed said. A final decision could come ahead of the mid-September meeting, even if the actual schedule shift takes effect later.