Fed's Wash raises possibility of scaling back FOMC to 8 meetings a year
- 1Fed Chair Kevin Wash is exploring the possibility of scaling back FOMC meetings to 8 a year as he seeks to reduce the body's influence on financial markets
- 2Sources at the Fed largely describe the scaling-back as a hypothetical discussion, and Wash has significantly cut back interest-rate path guidance and meeting statements since taking office in May
- 3Experts say the reduced transparency could heighten volatility, with some also seeing it as creating new trading opportunities
This 3-line summary is compiled from the report below.
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