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, will operate independently and provide candid feedback to the Federal Open Market Committee.
Task Force Members
The task forces include prominent business leaders such as former Walmart CEO Doug McMillon, Marc Andreessen, cofounder of Andreessen Horowitz, and Asha Sharma, the executive vice president and Xbox CEO at Microsoft. The new teams will study factors affecting the Fed’s monetary policymaking and are expected to conclude their work by the end of the year, culminating in a set of recommendations for improving monetary policymaking.
Warsh’s decision to create a task force examining productivity has fueled speculation that the new Fed leader may be more open to lowering rates this year. He has noted an uptick in productivity over the past year and hinted at its continued influence on the economy.
Original reporting: El Paso News (HLL/CB) — read the source article.
