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Fed Chair Warsh Establishes Five Working Groups to Restructure Economic Analysis Framework

2026-07-28 01:46:36

According to Nick Timiraos, Federal Reserve Chair Kevin Warsh announced the creation of five working groups during a dinner following his first meeting, aimed at reassessing how the Fed interprets economic data. The move immediately drew scrutiny from Governor Chris Waller, who suggested the conclusions could be predicted once member names are disclosed. Warsh now faces the challenge of convincing his 18 colleagues to abandon what he views as outdated traditional frameworks. A major test is scheduled for this Wednesday.

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