Kevin Warsh names members of his Federal Reserve task forces, including Marc Andreessen, Doug McMillon

The Federal Reserve on Thursday announced the leadership and objectives of its task forces to advance the conduct of monetary policy. "The Federal Reserve's commitment to price stability and maximum employment is unwavering. As is our resolve to pursue our mandate with rigor," said Chairman Kevin Warsh. "The U.S. economy has changed significantly over the last generation, and never more so than right now. Each task force will carefully consider whether policymakers' means and methods, analytical tools and policy approaches can be improved upon. I am honored that the best minds from a range of disciplines have agreed to work with us to sharpen our performance as an institution. The goal is straightforward: to ensure the Fed is best positioned to achieve our objectives in this consequential time." The five task forces will examine areas central to the broad conduct of monetary policy. They 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 of five task forces to be co-led by three external experts, supported by Fed staff: Fed statement THE TASK FORCES WILL BE CO-LED BY EXTERNAL EXPERTS, INCLUDING FORMER CENTRAL BANK HEADS, LEADING ECONOMISTS, ANDREESSEN HOROWITZ CO-FOUNDER MARC ANDREESSEN, AND XBOX CEO SARAH BOND SHARMA, WITH SUPPORT FROM FED STAFF. Fed Chair Warsh: Fed’s dedication to price stability and maximum employment mandates 'unwavering; will pursue with rigor'

U.S. President Donald Trump said Wednesday evening that he does not know whether Washington and Iran are returning to a full-fledged war, but told reporters that Iran “badly” wants to make a deal to cease escalating hostilities in the Middle East. Trump flew back to Washington, DC, via the U.K. on Wednesday. Speaking to reporters on board Air Force One as ...

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