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Warsh says the task forces have 6 months, not years. Early reports in September, conclusions in December.

Warsh picks up on Fed Governor Waller's initiative to 'centralize' functions of the regional Feds.
Each of the regional Federal Reserve Banks have their own administration. That said, much of the cost has been taken out years ago. A hot potato is whether to centralize Human

Warsh's second day of testimony. He looks more somber today as he is listening to Tim Scott's opening statement. Scott starts with praise of Warsh, able to eke out a smile from Warsh.

Wealth taxes hit the youngest hardest -- indeed.

Some billionaires have said they are okay with higher taxes -- good for them, but they've made it. Higher taxes increase the barriers to build wealth. x.com/WSJopinion/sta…

New York imposes data center moratorium
reuters.com/world/new-york…

Warsh clarifies that inflation is due to both fiscal and monetary policy. Then adds that it's the Fed's assigned job and the Fed will not blame fiscal policy.
It's an important qualifier.

Warsh pushes back against reporting that "trimmed mean" is his preferred measure of inflation. He says there isn't any good measure, he wouldn't have called for a task force if he had a preferred one.