US Federal Reserve chair Kevin Warsh is assembling a group of business and academic leaders to support a broad effort to modernize the central bank’s approach to monetary policy, according to multiple reports. Warsh has selected high-profile figures to lead five new task forces, which are intended to review and update aspects of the Fed’s policy framework. The outlets report that the chair is naming leaders from both industry and academia, with an emphasis on outside experience and expertise. Quartz reports that among the individuals tapped as co-leaders are Marc Andreessen, former Walmart chief executive Doug McMillon, and former Bank of England governor Mervyn King, and notes that 15 co-leaders are included in the set of appointments. Financial Times describes the task-force structure and characterizes the effort as a sweeping policy review led by the new Fed chair. The reporting aligns on the central point that Warsh is bringing in prominent external figures to staff and guide the Fed’s work through the new task forces as it undertakes modernization and policy review activities.