World Economy

Fed Leadership Explores Fewer Rate-Setting Meetings Under Warsh

Federal Reserve Chairman Kevin Warsh has won preliminary support from at least one-third of the central bank's policymakers for a significant structural overhaul: reducing the frequency of interest-rate decisions.

The proposal marks one of Warsh's most ambitious reform initiatives as the central bank's new chairman. Officials who have signaled openness to the plan suggest it could streamline monetary policy operations while maintaining the Fed's ability to respond to economic conditions.

Meanwhile, central banks globally continue navigating persistent inflation pressures. Poland maintained its benchmark rate despite inflation reaching a 14-month peak, while Chile held rates steady amid geopolitical concerns and economic headwinds. Similar caution is evident across major economies as central banks assess inflation trajectories.