Federal Reserve Chairman Kevin Warsh has unveiled the members of five task forces that will examine key issues shaping US monetary policy. The task forces, which include academics, former central bankers, and business leaders such as former Walmart CEO Doug McMillon and Microsoft’s Xbox CEO Asha Sharma, will operate independently and provide candid feedback to the Federal Open Market Committee.
Task Forces to Study Key Issues
The new teams will study factors affecting the Fed’s monetary policymaking, including productivity, data, and new inflation frameworks. Warsh’s decision to create a task force on productivity has fueled speculation that he may be more open to lowering rates this year. Warsh has noted an uptick in productivity over the past year and hinted at its continued influence on the economy.
Original reporting: KTVZ (Central Oregon) — read the source article.
