US Fed enlists ex-RBI guv Rajan, 2 other Indians for massive policy overhaul
Former RBI governor Raghuram Rajan, along with economists Raj Chetty and Microsoft executive Asha Sharma, have been appointed to high-level task forces by the US Federal Reserve. These panels are part of a massive policy overhaul initiated by the new Federal Reserve chairman, Kevin Warsh, to review the central bank's monetary policy framework. Rajan will focus on balance sheet policy, Chetty on data, and Sharma on productivity and jobs.
Why it matters
This signifies a global collaboration in economic policy-making, bringing diverse expertise to address complex challenges in the US monetary system. The involvement of prominent Indian-origin individuals highlights their growing influence in international economic discourse.
Former Reserve Bank of India (RBI) governor Raghuram Rajan is set to play a role in shaping the future of US monetary policymaking after being appointed by the Federal Reserve to a high-level task force reviewing its policy framework. The appointment is part of five expert panels unveiled by newly appointed Federal reserve chairman Kevin Warsh to examine how the central bank conducts monetary policy.Rajan is among a distinguished group of economists, business leaders and former central bankers selected for the review. Delhi-born American economist Raj Chetty and Microsoft executive vice president and Xbox CEO Asha Sharma have also been named to separate task forces.
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