- The US Federal Reserve has created five task forces to evaluate and improve its operations.
- Xbox CEO Asha Sharma, who recently announced layoffs of 3,200 employees, will co-lead a task force on employment and productivity.
- The task force will assess the economic impact of new technologies like AI to inform Federal Reserve policy.
- Sharma will be joined by Stanford professor Charles I. Jones and tech investor Marc Andreessen.
- Federal Reserve Chairman Kevin Warsh emphasized the commitment to price stability and maximum employment.
- Sharma's appointment comes amid her increased responsibilities at Xbox, including direct oversight of Mojang and King.
- Updates on the task forces' work will be posted periodically on the Federal Reserve's website.