Reducing Fed meeting frequency will decrease market over-reliance on Fed guidance and force markets to focus more on economic data rather than policy signals
Too little corroboration in the last 3 days to call a trend (2 articles). Watching for it to gain traction.
"Warsh has argued financial markets have become overly reliant on signals from the Fed rather than economic data, which has already led him to scale back the central bank's policy guidance. Some economists argue fewer meetings would encourage policymakers to focus more on economic data between meetings and reduce the perception that every gathering requires a policy signal."
"Warsh has argued financial markets have become overly reliant on signals from the Fed rather than economic data, which has already led him to scale back the central bank's policy guidance. Some economists argue fewer meetings would encourage policymakers to focus more on economic data between meetings and reduce the perception that every gathering requires a policy signal."