Fed Chair Kevin Warsh has invited former Bank of England governor Mervyn King to co-chair a new Federal Reserve communications working group. Warsh, who has made reforming Fed communications a central priority, said he will reassess how officials convey the monetary policy outlook to the public and investors; he did not commit to holding press conferences after every rate decision and has previously encouraged policymakers to reduce the frequency of public speeches. King, who led the Bank of Eng

Fed Chair Kevin Warsh has invited former Bank of England governor Mervyn King to co-chair a new Federal Reserve communications working group. Warsh, who has made reforming Fed communications a central priority, said he will reassess how officials convey the monetary policy outlook to the public and investors; he did not commit to holding press conferences after every rate decision and has previously encouraged policymakers to reduce the frequency of public speeches. King, who led the Bank of England from 2003–2013 and steered it through the 2008–09 financial crisis, confirmed via his office he will serve as co-chair.