Fed's Kevin Warsh Taps Marc Andreessen, Doug McMillon for Reform Task Forces
Federal Reserve Chairman Kevin Warsh on Thursday named the outside experts who will sit on five task forces set up to examine the central bank's operations, including venture capitalist Marc Andreessen and Walmart CEO Doug McMillon. The panels are expected to review the Fed's approach to everything from bank supervision to its use of artificial intelligence. The appointments mark one of Warsh's most concrete steps yet to reshape the institution since taking the chairmanship.
Federal Reserve Chairman Kevin Warsh on Thursday named the outside experts who will sit on five task forces created to examine the central bank's operations, drawing personnel from finance, technology and retail rather than career economists alone.
The list includes venture capitalist Marc Andreessen and Walmart Chief Executive Doug McMillon. The panels are expected to review areas including bank supervision, payments infrastructure and the Fed's use of artificial intelligence tools in its economic analysis.
The appointments are seen on Wall Street as an early signal of how Warsh intends to run the institution differently from his predecessors. Fed watchers said the involvement of prominent technology and retail executives suggests the reviews aim to modernize how the central bank gathers and interprets real-time economic data, with initial findings expected within months.
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