“We have a task force for that,” Kevin Warsh said multiple times during a June 17 press conference, in what’s quickly become a meme-worthy catchphrase for the new chairman of the Federal Reserve.

Now, the Fed has a leadership team for each of those task forces, the central bank announced Thursday.

The five task forces established by Warsh as one of his first acts upon becoming the 17th chair of the Federal Reserve on May 22 are as follows:

• Communications: Tasked with reviewing how the Fed “conveys policy deliberations and decisions amid uncertainty.”
• Balance Sheet Policy: Tasked with examining the “costs, benefits and institutional implications” of the Fed’s current “ample reserves” balance sheet regime.
• Data: Tasked with improving the “quality and timeliness of real economic signals that inform the Federal Reserve’s policy judgments.”
• Productivity and Jobs: Tasked with assessing the “economic impact of new general-purpose technologies, including artificial intelligence, to inform the Federal Reserve’s policy judgments.”
• Inflation Frameworks: Tasked with revisiting how the Fed “understands and responds to the drivers of inflation.”

“Each task force will carefully consider whether policymakers’ means and methods, analytical tools and policy approaches can be improved upon,” Warsh stated in a press release Thursday.

The newly announced leaders of the task forces are:

Communications

• Peter Fisher, a former executive vice president of the Federal Bank of New York and undersecretary for domestic finance at the U.S. Department of the Treasury who currently serves as professor of practice at the Foster School of Business at the University of Washington
• Arminio Fraga, founder and chairman of Brazilian investment management firm Gávea Investimentos and former president of the Central Bank of Brazil
• Mervyn King, former governor of the Bank of England from 2003 to 2013

Balance Sheet Policy

• Karen Dynan, a professor of economics at Harvard University, formerly the assistant secretary for economic policy and chief economist at the Treasury Department from 2014 to 2017
• Raghuram Rajan, a professor of finance at the University of Chicago’s Booth School of Business and former governor of the Reserve Bank of India
• Jeremy Stein, professor of economics at Harvard University and a former governor on the Federal Reserve Board from 2012 to 2014

Data

• Raj Chetty, a professor of public economics at Harvard University and director of the Opportunity Insights research program at the university
• Doug McMillon, former president and CEO of Walmart from 2014 to January 2026
• Kevin Murphy, a professor of economics at the University of Chicago and winner of the John Bates Clark Medal from the American Economic Association in 1997

Productivity and Jobs

• Marc Andreessen, co-founder and general partner of Andreessen Horowitz, a prominent Silicon Valley venture capital firm
• Charles “Chad” Jones, a professor of economics at Stanford University who is currently on leave for an AI research assignment at Anthropic
• Asha Sharma, executive vice president and CEO of Xbox at Microsoft and a board member at Coupang and Home Depot

Inflation Frameworks

• Greg Mankiw, a professor of economics at Harvard University and former chairman of the White House’s Council of Economic Advisers
• Thomas Sargent, a professor of economics at New York University who won the Nobel Prize in economics in 2011
• William White, a senior fellow at C.D. Howe Institute and a former economic adviser for the Bank for International Settlements

“I am honored that the best minds from a range of disciplines have agreed to work with us to sharpen our performance as an institution,” Warsh stated in the press release. “The goal is straightforward: to ensure the Fed is best positioned to achieve our objectives in this consequential time.”