🚨 Fed's Walsh Prepares Reform: Plan to Reduce Frequency of Regular FOMC Meetings The eight-meeting-per-year cycle, in place since 1981, may soon come to an end. Official rationale: Reduce policy noise and dampen market volatility. Traders must see beyond the surface: Fewer fixed-rate voting windows do not mean the Fed cannot convene emergency meetings at any time. The market will no longer have a six-week cycle to digest expectations—any significant deviation in CPI or nonfarm payrolls could trigger an immediate policy shock. With fewer meetings, each decision carries greater weight; large swings will become the norm. The macro trading rhythm that has endured for decades is being fundamentally rewritten. The era of heightened volatility for risk assets has only just begun.