The Globe and Mail reports in its Saturday edition that Federal Reserve chair Kevin Warsh is mulling reducing the frequency of the Fed's interest rate meetings. A New York Times dispatch to The Globe reports that the 12-man policy committee currently meets eight times a year to decide on borrowing costs. Mr. Warsh proposed this idea at a recent gathering. Mr. Warsh, chairing his second meeting, suggested a revised schedule could be decided before mid-September, though changes would be implemented later. Reducing the frequency of meetings and votes on rates would be the most significant change during Mr. Warsh's tenure, breaking decades of precedent and altering how the Fed manages the economy, potentially making it less responsive to inflation and labour market changes. Meeting less often would also reduce the information available to Wall Street and the broader public about the Fed's thinking about the path for interest rates, reversing a decades-long trend toward greater openness. During Mr. Warsh's tenure, he has shortened the Fed's policy statements and offered less detail on economic views and rate direction. He has also suggested reducing post-meeting news conferences, a practice in place since January, 2019.