Federal Reserve Chair Kevin Warsh is reportedly considering reducing the number of scheduled meetings where officials typically set interest rates, which would continue his overhaul of the central bank.

The Federal Open Market Committee meets eight times a year, roughly once every six weeks. During this week’s meeting, Warsh raised the possibility of changing that schedule, the New York Times reported Friday, citing people familiar with the discussion.

A decision could come before the Fed’s next meeting in mid-September, according to the report, though any revised calendar might not take effect immediately.

The Federal Reserve said it has no comment on the report.

The Fed has followed its eight-meeting calendar since 1981. Fewer meetings would mean fewer opportunities for the central bank to respond to changes in the economy and markets, and reduce the flow of information to investors.

Federal law requires the FOMC to meet at least four times annually, but Warsh said during his April confirmation hearing that four meetings would be insufficient, suggesting he is considering a number somewhere between four and eight.

Since the eight-meeting calendar is an institutional practice rather than a statutory mandate, reducing the number would not require an act of Congress. Although the FOMC’s rules give the chair the authority to call meetings, any three FOMC members can also require that a meeting be called, regardless of the chair’s preference.Since becoming Fed chair in May, Warsh has already shortened the central bank’s policy statements, eliminated forward guidance, and provided fewer details about his own rate outlook. He has also opened the door to reconsidering whether the Fed should hold a news conference after every meeting.