Fed reviews policy and approach with five task forces
Federal Reserve Chairman Kevin Warsh has announced a comprehensive review of the Fed’s policy and approach.
The review will utilize five task forces to examine various areas, including communications, data, inflation, and the Fed’s $6.7 trillion balance sheet.
The task forces will re-examine current practices and consider alternatives, with the goal of proposing next steps for policymakers.
The review is seen as a significant effort to remake the Fed and its approach to monetary policy.