US Fed Meeting 2026 Live Updates: Kevin Warsh holds rates at 3.5%-3.75%; Three policymakers dissent in favour of a hike

During his first press conference last month, Federal Reserve Chair Kevin Warsh announced five task forces to review key areas of the central bank’s policymaking.

The panels will examine the Fed’s approach to inflation, communications, economic data, productivity and the labor market, as well as the central bank’s balance sheet, which Warsh has long argued is too large.

Earlier this month, the Fed appointed 15 leaders for the groups, including Harvard economist Raj Chetty, tech investor Marc Andreessen, and former central bank governors of Brazil, England and India.

The Fed said the task forces will use central bank staff but “will operate independently,” marking a departure from previous policy reviews that relied primarily on internal analysis. Warsh has said he expects the groups to deliver recommendations by the end of the year.