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Nick Timiraos: Kevin Warsh launched five Fed task forces at first meeting as chair

Nick Timiraos: Kevin Warsh launched five Fed task forces at first meeting as chair
Kevin Warsh launches Fed task forces

Nick Timiraos, chief economics correspondent at Wall Street Journal, reports that at dinner following the first day of his initial meeting as Federal Reserve chair, Kevin Warsh informed his 18 colleagues about the launch of five task forces to reconsider the way the Fed assesses economic data.

According to the report, Chris Waller questioned the purpose of these groups, asking for the names of their members and suggesting he could predict their conclusions.

Nick Timiraos has previously reported on internal policy debates at the Fed, including Kevin Hassett's view that a rate hike would be a macroeconomic mistake. In another instance, he covered NY Fed chief John Williams' approach to keeping policy on hold unless monthly core inflation rises above a set threshold, as detailed here. These reports point to ongoing discussions within the Federal Reserve over policy direction and decision-making frameworks.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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