Federal Reserve Chair Kevin Warsh Announces Formation of Five External Working Groups to Conduct Comprehensive Review of Monetary Policy Operating Mechanism

CoinFeed July 10 news, according to Financial World reports, Federal Reserve Chair Kevin Warsh announced the formation of five external expert working groups to conduct a comprehensive review of the Federal Reserve's monetary policy operating mechanism, covering areas such as balance sheet management, policy tools, and the impact of artificial intelligence. The Federal Reserve stated that each working group will conduct independent research, form analysis results based on facts, and submit them to the Federal Open Market Committee, with the core assessment being the existing policy tools, analytical methods, and room for improvement in the policy framework. The review team includes several renowned economists and former central bank officials, including Harvard economist Raj Chetty co-leading the data working group, tech investor Marc Andreessen heading the productivity and employment working group, and former White House Council of Economic Advisers Chair Greg Mankiw co-leading the inflation working group.