Wu Shuo learned that the Federal Reserve announced the establishment of five independent working groups to reassess its monetary policy framework, covering areas such as communication mechanisms, balance sheet policy, data systems, the impact of AI on productivity and employment, and the inflation framework. The working group members include a16z co-founder Marc Andreessen, Nobel laureate Thomas Sargent, Harvard professor Greg Mankiw, Anthropic researcher Charles Jones, and others. Federal Reserve Chair Kevin Warsh said that the U.S. economy is undergoing major changes, and the Federal Reserve needs to reexamine its analytical tools and policy approaches to better achieve the goals of price stability and full employment.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • 2
  • Share
Comment
Add a comment
Add a comment
OracleSkeptic
· 6h ago
Kevin Warsh's words essentially admit that the old framework has failed, and the market will need to reprice.
View OriginalReply0
TheLiquidationLampInMisty
· 6h ago
Marc Andreessen stepping away from monetary policy communications? Looking forward to his tweet style.
View OriginalReply0
GateUser-e6dafce6
· 6h ago
When the balance sheet policy is singled out, will there be any changes in the pace of balance sheet reduction?
View OriginalReply0
PaperhandsPoet
· 6h ago
The names of the five working groups sound like startup companies. The traditional central bank has finally figured it out.
View OriginalReply0
  • Pinned