Kevin Warsh, the 17th Federal Reserve chair, announced on July 9, 2026 the creation of five external task forces to rethink the central bank’s monetary policy framework. The groups will address communications, balance sheet management, data usage, productivity and artificial intelligence, and inflation frameworks, with recommendations due by the end of 2026. Members include heavyweight names such as venture capitalist Marc Andreessen, former Bank of England governor Mervyn King, and former Reserve Bank of India governor Raghuram Rajan. The federal funds rate currently stands at 3.5%-3.75%, held steady amid what Warsh has characterized as healthy economic conditions. Notably, crypto, digital assets, stablecoins, and central bank digital currencies are conspicuously absent from the task force agenda.
Source: Read the original article
