00:00Bloomberg learning that chair Warsh is considering changes to the frequency and timing of the central bank's policy meetings. Let's
00:06get more with Bloomberg's Alistair
00:07Bull. Alistair what would it mean to this market if the Fed chair I guess in concert with the FOMC
00:14decided that six meetings were enough per year to talk
00:17about monetary policy. That's an intriguing thought. So it would push the number of policy meetings from six to eight
00:25weeks between them.
00:27That would be consistent with what we've heard chair Warsh talk about to reduce the market sort of finger trigger
00:35reliance and utterances from the referee and to play the ball and not the ref.
00:40So I think that they would adjust reasonably quickly. The other intriguing component of the reporting was that they would
00:46look to try and align the meetings more with the schedule of data releases.
00:51And that just makes common sense. I mean if you can hold a meeting with as much information as possible
00:56in front of you that would be a good thing rather than the situation
01:01at the moment when they meet on a Tuesday and Wednesday and then you have a big date release on
01:06the Thursday or payrolls on the Friday and they've kind of been
01:09flying blind. So I mean I think the market will be intrigued on the paper. It doesn't seem such a
01:15radical shift and we wait to hear
01:19more. But one thing that wasn't discussed in the reporting was whether each of these meetings would still be accompanied
01:25by a press conference.
01:26And so that's certainly a question we'd like to circle back to.
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