Monetary Policy

The Fed chair asked officials to submit written views on shrinking a calendar that has held eight meetings a year since Paul Volcker set it in 1981. Six is the number circulating in Washington.

The Federal Reserve held its target rate at 3.5 to 3.75 per cent on Wednesday, but four members voted against the decision — the deepest split since October 1992. Bitcoin slipped from $76,200 to $75,440 in the first hour after the announcement.