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[BUSINESS] · United States · 39 sources

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Fed Chair Kevin Warsh proposes cutting Fed meeting schedule

Federal Reserve Chair Kevin Warsh has floated a major operational change: reducing the number of regular Federal Open Market Committee meetings, which currently total eight per year. He told the committee that a decision on the new schedule could be taken before the mid‑September meeting, and any implementation would likely occur later. Warsh also signaled a shift in communication, shortening post‑meeting statements, cutting back on press conferences and limiting forward guidance.

At the July 2026 FOMC meeting the committee voted 9‑3 to keep the federal funds rate unchanged in the 3.5‑3.75 % target range. Three members – Cleveland Fed President Beth Hammack, Minneapolis Fed President Neel Kashkari and Dallas Fed President Lorie Logan – dissented, urging a 0.25 percentage‑point hike. Warsh reiterated the Fed’s commitment to price stability and stressed that there is “no soft inflation target, only a 2 % goal.”

Markets reacted with the Dow Jones rising about 0.5 % (roughly 276 points) and Treasury yields climbing, the 30‑year yield reaching about 5.27 % – its highest level since 2007 – while the 10‑year yield moved to roughly 4.74 %. Analysts noted the reduced meeting frequency could concentrate market uncertainty into fewer dates, while the split among Fed officials highlighted ongoing debate over the pace of future rate moves.

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Beth Hammack · Federal Open Market Committee · Federal Reserve · Jerome Powell · John Williams · Kevin Warsh · Lorie Logan · Microsoft · Nasdaq Composite · Neel Kashkari

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