Five new task forces form the structure Federal Reserve chair Warsh has built for a review of the US central bank. Former Bank of England chief King and technology executive Andreessen are among the business and academic leaders chosen to head them.
The appointments
King's selection places a former central bank governor at the center of the effort. He ran the Bank of England, giving him direct experience at a monetary policy institution of comparable standing to the Federal Reserve. Andreessen brings technology sector representation to a leadership pool that spans business and academic backgrounds.
Not all task force heads were named in the announcement. The source identifies the appointees collectively as business and academic leaders, with King and Andreessen as the publicly named figures.
Five workstreams
Five parallel groups allow the reform to run across multiple areas simultaneously. Each has a named leader. That setup distributes ownership rather than consolidating the review inside a single committee.
Warsh holds the Federal Reserve chair position, making this his initiative. King and Andreessen are the two publicly named picks. No schedule for the task forces' deliverables was reported.