Are you also confused by Walsh's proposals to reduce the frequency of FOMC meetings, decrease Federal Reserve communication, and the so-called 'returning decision-making to the market'? Please read the following analysis. What exactly does Walsh want to change? For decades, the Federal Reserve has held eight FOMC meetings per year. After each meeting, there are not only policy statements and a press conference with the Chair, but also the dot plot and public remarks from various officials. This mechanism may seem cumbersome, but its purpose is direct: it lets the market know about internal disagreements within the Fed and whether interest rates might be raised or lowered next. Walsh believes that the market should not guess what the Fed...