Fed's Warsh mulls fewer meetings, raising market volatility concerns

Fed Chair Kevin Warsh is considering fewer annual policy meetings, a move experts say could raise market volatility by further reducing central bank transparency. Since May, Warsh has curtailed forward guidance, shortened post-meeting statements, and given vague answers. The FOMC now meets eight times yearly, and some regional Fed presidents are open to review. Markets have largely risen since Warsh took office, but critics warn reduced communication could lift bond yields and complicate federal debt financing. He speaks at Jackson Hole in late August.