Public officials and business leaders have been selected to lead task forces for the Federal Reserve. These groups will assess the central bank's operations and suggest changes. A former governor of the Bank of England and a well-known economist are among those chosen.

The task forces were announced after a call for significant changes at the Federal Reserve. The central bank's leader has expressed a desire to reduce its holdings and communicate differently about interest rates.

Further information about the task forces and their goals can be found through the Federal Reserve or news sources like KPRC 2.