Overview
The Federal Reserve has announced five task forces to examine areas central to the broad conduct of monetary policy.
Communications: Review how the Federal Reserve conveys policy deliberations and decisions amid uncertainty.
Balance Sheet Policy: Examine the costs, benefits, and institutional implications of the Federal Reserve's current balance sheet regime.
Data: Improve the quality and timeliness of real economic signals that inform the Federal Reserve's policy judgments.
Productivity and Jobs: Assess the economic impact of new general-purpose technologies, including artificial intelligence, to inform the Federal Reserve's policy judgments.
Inflation Frameworks: Revisit how the Federal Reserve understands and responds to the drivers of inflation.
The task forces will be co-led by external advisers—accomplished economists, business leaders, and former central bank practitioners—with deep expertise in their fields. Supported by Federal Reserve staff, they will operate independently, with a mandate to follow the evidence, provide candid feedback, and produce rigorous findings for the Federal Open Market Committee.
"Each task force will serve an objective shared by everyone in the System … a Federal Reserve that is clear-eyed about its mission, fit for purpose, and focused on the future."
Chairman Kevin Warsh