[Walsh Has Begun Reshaping the Federal Reserve's Internal Operational Framework, Marking the End of the 'Era of Transparency'] According to The Wall Street Journal, during his White House swearing-in ceremony, Walsh referenced Greenspan, who took office in the same location 39 years ago, and stated that Greenspan was 'the first person to show me the responsibilities required for this position.' Within a month of taking office, he has already begun reshaping the Federal Reserve's internal operational framework, announcing the establishment of five special task forces to examine topics such as communication strategies and sources of economic data. 'Fed mouthpiece' Nick Timiraos noted that supporters believe these reforms will help enhance the credibility of policy decisions. Although the general perception is that his direction signals a return to the Greenspan era, many of the mechanisms being adjusted were originally established with Greenspan's involvement and are now being revisited. In terms of data usage, Walsh proposed evaluating new sources of information and adjusting methodologies to obtain more 'actionable' economic indicators.