The Fed's new chapter runs through Walmart's ex-CEO

Federal Reserve Chair Kevin Warsh has appointed a task force to improve the economic data that informs the Fed's policy decisions. The team, Axios reports, includes Harvard economist Raj Chetty, former Walmart CEO Doug McMillon, and University of Chicago economist Kevin Murphy. The group's mandate is to enhance the quality and timeliness of real-time economic data—an indication that Warsh is seeking fresher, more practical real-world indicators to guide the central bank's work.

Listen to this story

Hear this and more stories in a personalized audio briefing.

Open The Chonkerton