0516 GMT - It is "very clear" that Federal Reserve Chairman Kevin Warsh tends to use task forces with the Fed to change the narrative, better forecast inflation, and to monitor productivity gains that are not inflationary, says Navellier & Associates' Louis Navellier in a note. "It will take time for Warsh to change the Fed narrative, so he is starting on the staff level," Navellier says. A new narrative may start showing up in upcoming Beige Book surveys, he says. At his press conference last week, Warsh announced that the Fed is setting up task forces to survey topics such as communications, the balance sheet, data sources, productivity and jobs, and inflation. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
June 23, 2026 01:16 ET (05:16 GMT)
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