Federal Reserve Chairman Kevin Warsh announced the establishment of five task forces aimed at reforming the central bank's operations, including its monetary policy and the impact of artificial intelligence. This announcement was made during a press conference following his first meeting as chairman on June 17, 2026.
The task forces will focus on various areas: communications, the Fed’s balance sheet, data source utilization, productivity and jobs, and inflation frameworks. Warsh stated that these topics are important and deserving of a thorough review.
Members of the task forces will include individuals from both inside and outside the economics profession, supported by specialists from the Fed's staff. Warsh emphasized the need for a fresh perspective and a return to the Fed's core mandate of price stability and maximum employment, which he believes has been overlooked.
He also highlighted the task force on productivity and jobs, which will investigate the effects of artificial intelligence on the labor market. Warsh expressed expectations for changes in the Fed’s summary of economic projections, which outlines expectations for economic policy.