New Delhi, July 10 -- The US Federal Reserve has appointed Marc Andreessen, cofounder and general partner at Andreessen Horowitz to co-lead one of the five task forces that will review and modernise the central bank's monetary policymaking framework, as per a statement by the Federal Reserve.

The Federal Reserve on Thursday announced the leadership and objectives of the task forces, which will examine key areas of monetary policy and provide independent recommendations to the Federal Open Market Committee (FOMC) as Fed Chair Kevin Warsh seeks to strengthen the Fed's approach amid a rapidly changing economic landscape.

"The Federal Reserve's commitment to price stability and maximum employment is unwavering. As is our resolve to pursue o...