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via seekingalpha.comEconomy

Fed to cut policy-setting meetings to seven next year, Warsh says

FROM THE WIRE · SEEKINGALPHA.COM

Starting next year, the Federal Open Market Committee will make policy decisions at seven meetings, not the usual eight, Federal Reserve Chair Kevin Warsh said Wednesday after the Fed's decision to keep rates unchanged.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralFewer FOMC policy meetings is a structural change in Fed communication with limited direct price impact.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Starting next year the FOMC will make policy decisions at seven meetings instead of the usual eight.
  2. 02Fed Chair Kevin Warsh announced the change on Wednesday.
  3. 03The announcement came after the Fed decided to keep rates unchanged.

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