The U.S. Federal Reserve said on July 9 that it has established five working groups to assess and improve how it conducts monetary policy, including its implementation methods, analytical tools and policy framework, according to Jiemian News. Fed Chair Kevin Warsh said the U.S. economy has changed significantly over the past generation and that the current environment is shifting faster, and the groups will conduct evidence-based reviews to help the Federal Open Market Committee (FOMC) better achieve its goals of stable prices and maximum employment.
The five groups will focus on policy communications, balance sheet policy, economic data, productivity and employment, and the inflation framework. The productivity and employment group will evaluate the economic impact of new general-purpose technologies, including artificial intelligence, to inform the Fed’s policy assessments.
Fed Sets Up Five Working Groups to Review Policy Tools and Framework
2026-07-09 23:52:51
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