Fed Chair Kevin Warsh Is Considering Fewer Annual FOMC Meetings, Which Would Be Disastrous for Wall Street

Fed Chair Kevin Warsh has removed forward-looking guidance from FOMC statements and is considering reducing annual FOMC meetings from eight to fewer times per year. The article argues that less transparency and fewer meetings would increase market volatility in equities and bonds, as markets rely on Fed communication for stability. The removal of guidance has already caused Treasury bond yields to rise significantly.