Kevin Warsh names members of his Federal Reserve task forces, including Marc Andreessen, Doug McMillon

Federal Reserve Chairman Kevin Warsh on Thursday released names of the experts who will comprise five task forces to examine the institution's operations — a list that includes several prominent Wall Street names, business leaders and a wide expanse of academicians and former Fed officials.

Warsh first disclosed his intention to create the task forces last month, saying they would tackle communications, data, the Fed's balance sheet, data, productivity and jobs and the framework for the policymakers view inflation.

Among the prominent names involved are venture capitalist Marc Andreessen, former Bank of England Governor Mervin King, and Greg Mankiw, former chairman of the White House's Council of Economic Advisers. Doug McMillon, the former CEO of Walmart, leads the names of business executives involved.

"I am honored that the best minds from a range of disciplines have agreed to work with us to sharpen our performance as an institution," Warsh said. "The goal is straightforward: to ensure the Fed is best positioned to achieve our objectives in this consequential time."

A Fed news release did not indicate a timeline of when the task forces would complete their work, though Warsh has indicated he expects changes to come this year.

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