The Federal Reserve on Thursday outlined a slate of five new task forces led by prominent academics and business leaders. They will scrutinize how the central bank communicates, manages its balance sheet, interprets data, evaluates productivity and jobs, and responds to inflation.

The initiative, detailed in Fed press release, is aimed at advancing “the conduct of monetary policy” at a time when structural changes in the U.S. economy and advances in technology are testing longstanding policy frameworks.

“The Federal Reserve‘s commitment to price stability and maximum employment is unwavering. As is our resolve to pursue our mandate with rigor,” details ⇒

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