New Fed chair’s vision: A leaner, faster, more modern central bank

Kevin Warsh, the new Federal Reserve chair, is restructuring the central bank to be more streamlined, data-driven, and centralized under his leadership. Key changes include reducing internal complexity, establishing task forces for economic forecasting and inflation measurement, and shifting away from predictable 'forward guidance' toward a flexible, data-dependent policy approach. The reforms aim to accelerate decision-making and prioritize inflation management, though critics warn they may increase market uncertainty.