Kevin Warsh announces five external task forces to review Federal Reserve operations and to report recommendations to the Federal Open Market Committee by year-end.The panels will examine communication strategies, balance sheet policy, economic data and measurement, productivity and jobs in the age of artificial intelligence, and inflation frameworks.Leaders listed include Arminio Fraga, Mervyn King, Peter R. Fisher, Raj Chetty, Doug McMillon, Raghuram Rajan, Marc Andreessen, Asha Sharma and Thomas Sargent.The initiative aims to rein in a $7T balance sheet, move away from calendared forward guidance, modernize data and test whether AI-driven productivity supports lower interest rates while other officials warn AI could raise demand and inflation.