Federal Reserve Chairman Kevin Warsh has formed task forces to review the Fed’s policies, including its balance sheet and communication practices. The task forces are composed of 15 outsiders, including former heads of central banks and former Obama appointees.
Task Force Members
The task forces include top Trump fundraiser and tech investor Marc Andreessen, as well as former Fed Governor Jeremy Stein, a 2012 Obama appointee. The members of the task forces were chosen for their expertise and are expected to provide a balanced perspective on the Fed’s policies.
The task forces will operate independently and will follow the evidence in their review of the Fed’s policies. The Fed’s seven governors and 12 Reserve Bank presidents will also participate in the process, which is expected to be completed by the end of the year.
The formation of the task forces is seen as a positive step by many, as it brings in outside expertise and provides a fresh perspective on the Fed’s policies. However, some have expressed concerns that the task forces may not be able to come to a consensus on the Fed’s policies, given the diverse backgrounds and views of the members.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
