[Federal Reserve Chair Walsh Reportedly Considering Reducing Frequency of Fed Policy Meetings] BlockBeats News, August 1, Federal Reserve Chair Walsh is reportedly considering reducing the frequency of the Fed's regular interest rate decision meetings. This move could trigger significant upheaval and would mark the most substantial change in the way the Federal Reserve operates in recent years. Currently, the Federal Open Market Committee (FOMC), composed of 12 members, holds eight meetings annually to vote on whether to raise, lower, or maintain borrowing costs. According to four sources familiar with the matter, Walsh proposed the adjustment to meeting frequency during this week's Federal Reserve meeting. Sources revealed that Walsh discussed the legal basis for the minimum number of meetings the Fed is required to hold each year, as well as the timeline for such adjustments, during this week's meeting. Walsh reportedly asked officials to provide their feedback rather than conducting a comprehensive discussion on the meeting schedule during this week's session. (New York Times)