Greg Mankiw, Thomas Sargent and William White all have strong ideas about why prices rise. Their work could guide how the Fed fights inflation.

Kevin Warsh came to the chairmanship of the Federal Reserve a harsh critic of the central bank’s recent

inflation record: more than five years above the 2% target.

He hasn’t yet detailed how he would approach inflation differently. He has, however, convened several task forces, one of which will examine how the Fed “understands and responds to the drivers of inflation.” Its three leaders’ recommendations could be a chance for Warsh to put a new stamp on how the central bank tackles rising prices.