economy
Warsh announces five task forces to overhaul Fed
Federal Reserve Chairman Kevin Warsh announced the formation of five task forces designed to reform the central bank, including to overhaul its conduct of monetary policy and to examine the effects of artificial intelligence.
TL;DR
- Federal Reserve Chairman Kevin Warsh announced five new task forces.
- The task forces aim to reform the central bank and overhaul monetary policy.
- Areas of focus include Fed communications, balance sheet, data sources, productivity, jobs, and inflation frameworks.
- Task forces will comprise individuals from both inside and outside the economics profession.
- Their mission is to examine current practices, ask hard questions, and propose future actions.