Warsh Forms Five Fed Task Forces With Industry and Academic Leaders

Fed Chair Kevin Warsh announced five independent task forces to review the Fed’s communications, data practices, balance sheet policy, productivity and jobs, and inflation-frameworks. The panels, populated by economists, former central-bank officials and business leaders including Marc Andreessen and Doug McMillon, will operate independently and report findings back to the FOMC, with changes potentially expected this year as Warsh emphasizes a rigorous, evidence-based approach.