U.S. media: The Federal Reserve Chairman is considering reducing the frequency of annual interest rate meetings.

U.S. media reported on July 31, citing informed sources, that Federal Reserve Chair Kevin Warsh is considering reducing the frequency of regular monetary policy meetings held each year. The New York Times quoted four sources as saying that Warsh proposed reducing the frequency of these meetings during this week's policy meeting. He discussed the legal requirement for the frequency of policy meetings, which mandates a minimum number of meetings each year, as well as the timeline for making adjustments, but did not thoroughly discuss the "meeting calendar" and instead asked Fed officials to provide him with their feedback. According to the U.S. Banking Act of 1935, the Federal Open Market Committee of the Fed is required to meet at least four times a year. Since 1981, the Fed has held eight fixed policy meetings a year, approximately every six weeks.