Fed plans to eliminate some rate-setting meetings, chairman says

The Federal Reserve plans to eliminate some meetings devoted to setting interest rates in the next couple of years, Chairman Kevin Warsh said Wednesday.
Starting next fall, the central bank will dedicate one of its eight annual meetings to considering broad-based questions about the economy, rather than to voting on interest rates, Warsh said. That number will increase to two in 2028.
The chairman made the announcement following the release of the central bank’s latest policy announcement, which left rates unchanged .
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