Since taking office in May, Warsh has taken several steps aimed at reducing the Federal Reserve's influence on financial markets, including cutting forward guidance, shortening post-meeting statements, and giving vague responses to policy outlooks. He is currently considering reducing the number of Federal Open Market Committee (FOMC) interest rate meetings from eight per year. Analysts point out that this move would further reduce the Federal Reserve's communication transparency, potentially leading to increased market volatility, but some also believe it would create new trading opportunities. Minneapolis Fed President Kashkari and Philadelphia Fed President Plosser have both expressed openness to re-examining the meeting schedule.