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Outsiders with major chops lead Fed task forces
Federal Reserve chairman Kevin Warsh has created five task forces to rethink the central bank's policymaking process. They are likely to bring outside-the-box ideas combined with intellectual chops to an often insular institution. The big picture: The task forces consist of economists and business leaders who bring serious credibility to the table but also are not part of the "Fed Borg" — that is, not among the usual lineup of people who have recently worked at the central bank. Catch up quick: The task force leaders include a leading venture capitalist (Marc Andreessen), a former Walmart CEO (Doug McMillon) ... (full story)
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