Fed Minutes: Chair Warsh Proposes Reducing Policy Meetings to 6 a Year

A lighter FOMC calendar would alter the rhythm markets rely on for forward guidance, potentially widening the gap between scheduled communication and the data flow that drives rate expectations. The proposal also signals a preference for deliberation over frequent signalling, a shift in how the Fed's reaction function is read. That no change lands this year limits near-term impact, but whether the idea gains traction among members is the open question for anyone tracking policy predictability.