The Federal Reserve appointed Marc Andreessen, co-founder of Andreessen Horowitz, to co-lead a new task force examining how artificial intelligence will reshape productivity, employment, and the Fed’s own playbook. Fed Chair Kevin Warsh announced the creation of five external task forces on July 9, positioning them as a modernization effort. Andreessen’s assignment, the Productivity and Jobs task force, sits at the intersection of the Fed’s dual mandate: maximum employment and price stability. He will co-lead alongside Charles I. Jones, an economist at Stanford, and Asha Sharma, the CEO of Microsoft’s Xbox division. The task force’s mandate is to evaluate how “new general-purpose technologies,” with AI front and center, affect the labor market and productivity growth, with findings feeding into recommendations about monetary policy. The other task forces cover areas like data sources and operational reforms. No immediate policy changes were announced alongside the task force’s formation.