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