Svmuu News Federal Reserve announced the leadership and objectives of the working groups. Warsh, Chair of the Federal Reserve, stated that the goal of the working groups is to position the Federal Reserve to best achieve its objectives; each ad hoc working group will operate independently and be supported by staff from the Federal Reserve; the working groups will focus on improving methods and tools; and the commitment to price stability and maximum employment remains “unwavering.”The five working groups are the Inflation Working Group, the Balance Sheet Working Group, the Employment Working Group, the Data Working Group, and the Communication Working Group. The working groups are led by several former global central bank governors, including King, Rajan, Fraga, and former Federal Reserve Board Member Stein.