Fed Chair Warsh: Fed Task Force to Build New Intellectual Capital for FOMC

The framing matters more than the task force itself: a Fed chair explicitly declining to adjudicate which technologies or investments are correct, while still flagging tail risks and financial stability, sketches a narrower role for the central bank in the current investment cycle. For crypto and RWA markets, that distinction is the signal — the Fed appears to be positioning itself as a risk monitor rather than a validator of any particular innovation. Whether the task force's output actually shapes FOMC decisions, or remains an intellectual exercise, is the open question worth tracking.