Kevin Warsh didn’t waste time making his mark. At his very first FOMC meeting on June 17, 2026, the new Federal Reserve Chairman announced five internal task forces designed to rethink how the central bank conducts monetary policy. The reviews will cover everything from how the Fed talks to markets to how it manages a $6.7 trillion balance sheet.
Bitcoin promptly fell toward $64,000, because nothing says “risk-off” quite like a new Fed chair using the phrase “first principles” in the same breath as “inflation framework.”
What the task forces actually cover
The five groups will tackle distinct but interconnected areas of Fed operations: communications strategy, balance-sheet management, data analytics, the impact of automation and AI on employment, and the broader inflation framework.
Reports from all five task forces are expected by the end of 2026, with potential policy revisions rolling out in early 2027.
