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Chairman defends choice of outside experts after question about political donations
Summary
When pressed about vetting of task-force members following questions about Marc Andreessen's political donations, the chairman said the Fed remains the decision maker and selected experts for their credentials and diversity of views.
A reporter raised concerns about the task-force vetting process after naming Marc Andreessen and citing his political donations. The chairman said he selected 15 experts for five committees, emphasized their credentials and the inclusion of divergent views, and stressed that the Fed will remain the ultimate consumer and decision maker of the groups' outputs.
"The judgments we're making will be informed by, but not at all determined by these outside groups," he said. He added that he had known many of the appointees for a long time and expressed confidence in their expertise.
Provenance: topicintro SEG 740, topfinish SEG 779.
