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 prominent business leaders, will operate independently and provide candid feedback to the Federal Open Market Committee.
Task Force Members
The task forces include former Walmart CEO Doug McMillon, Marc Andreessen, cofounder of Andreessen Horowitz, and Asha Sharma, the executive vice president and Xbox CEO at Microsoft. Warsh hopes that the results of these task forces will be a public good and contribute to the Federal Reserve’s understanding of monetary policymaking.
Warsh’s decision to create a task force examining productivity has fueled speculation that he 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: KRDO (Colorado Springs metro) — read the source article.
