Federal Reserve forms task force to review $6.7T balance sheet under new Chair Warsh

Federal Reserve Chair Kevin Warsh has established a task force to review the $6.7T balance sheet, which may shift monetary policy and economic growth trajectories. Furthermore, Warsh signaled openness to utilizing new economic data sources to enhance Fed responsiveness. These actions are expected to impact market dynamics and volatility, while also increasing scrutiny over crypto ties. The review and data integration efforts represent significant strategic shifts under the new leadership of the Federal Reserve.