Fed announces leadership and objective for monetary policy task forces; each to be co-led by three experts external to the Fed and be supported by Fed staff

The leaders of the five task forces are:

• Communications: Review how the Federal Reserve conveys policy deliberations and decisions amid uncertainty.
  • Peter R. Fisher, professor of practice, Foster School of Business, University of Washington
  • Arminio Fraga, founder and chairman, Gávea Investimentos; former president, Central Bank of Brazil
  • Mervyn King, former governor, Bank of England
• Balance Sheet Policy: Examine the costs, benefits, and institutional implications of the Federal Reserve's current balance sheet regime.
  • Karen Dynan, professor of economics, Harvard University
  • Raghuram Rajan, professor of finance, University of Chicago Booth School of Business; former governor, Reserve Bank of India
  • Jeremy Stein, professor of economics, Harvard University; former governor, Federal Reserve Board
• Data: Improve the quality and timeliness of real economic signals that inform the Federal Reserve's policy judgments.
  • Raj Chetty, professor of economics, Harvard University
  • Doug McMillon, former president and CEO, Walmart Inc.
  • Kevin Murphy, professor of economics, University of Chicago
• Productivity and Jobs: Assess the economic impact of new general-purpose technologies, including artificial intelligence, to inform the Federal Reserve's policy judgments.
  • Marc Andreessen, cofounder and general partner, Andreessen Horowitz
  • Charles I. Jones, professor of economics, Stanford University, currently on leave at Anthropic
  • Asha Sharma, executive vice president and XBOX CEO, Microsoft Corp.
• Inflation Frameworks: Revisit how the Federal Reserve understands and responds to the drivers of inflation.
  • Greg Mankiw, professor of economics, Harvard University; former chairman, Council of Economic Advisers
  • Thomas Sargent, professor of economics, New York University; Nobel laureate
  • William White, senior fellow, C.D. Howe Institute; former economic adviser, Bank for International Settlements