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Five new task forces are the structural vehicle Federal Reserve Chair Kevin Warsh is using to push a modernization agenda at the US central bank. Warsh chose business and academic leaders to head each group.
The leadership slate The Fed chair drew from two communities: business and academia.
Corporate and academic figures fill the top slots across all five task forces, placing people with market experience alongside researchers at the center of the effort.
Five workstreams Five separate task forces indicate Warsh has divided the modernization effort into distinct areas rather than consolidating the work under a single body.
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