The Federal Reserve has created a new task force to study how artificial intelligence is reshaping the US labor market, tapping venture capitalist Marc Andreessen as one of its three co-leaders, the central bank announced on July 9, 2026.
The Productivity and Jobs Task Force is one of five new panels unveiled by Fed Chairman Kevin Warsh as part of a broader review of how the central bank analyzes the economy. According to the Fed’s announcement, the task force will “survey the pace, the reach, [and] the economic impact of new general-purpose technologies, including AI,” and examine what that means for the Fed’s dual mandate of maximizing employment and stabilizing prices.
Andreessen, a cofounder of venture firm Andreessen Horowitz, will co-lead the group alongside Stanford economist Charles I. Jones, who is currently on leave working at Anthropic, and Asha Sharma, a Microsoft executive vice president who also serves as CEO of Xbox.
Why it matters for monetary policy
The task force’s conclusions could shape how the Fed models economic growth going forward. Economists inside and outside the central bank are divided on whether AI adoption will prove disinflationary, by boosting output per worker, or add to near-term price pressure through the surge in AI-related capital spending. How the Fed weighs that question feeds directly into decisions on interest rates.
Announcing the initiative, Warsh said “the U.S. economy has changed significantly over the last generation” and that the Fed needed to examine whether its “policymakers’ means and methods, analytical tools and policy approaches can be improved upon.”
The other four task forces will focus on the Fed’s communications strategy, its balance sheet policy, the quality and timeliness of economic data, and how the central bank understands the drivers of inflation. The Fed’s announcement did not specify a deadline for the productivity and jobs group’s recommendations.