Washington, July 16: Former Reserve Bank of India (RBI) Governor Raghuram Rajan, economist Raj Chetty, and technology executive Asha Sharma have been appointed to key task forces constituted by the US Federal Reserve to support reforms in monetary policy, economic analysis, and productivity.
The appointments were announced by Federal Reserve Chairman Kevin Warsh as part of five specialised task forces aimed at addressing inflation, improving policymaking, and strengthening the US central bank’s institutional framework.
Raghuram Rajan, who served as RBI Governor from 2013 to 2016 and previously as the International Monetary Fund’s Chief Economist, has been appointed to the Balance Sheet Policy Task Force.
The panel will review the Federal Reserve’s balance sheet, which expanded significantly during the Covid period, and assess its role in implementing monetary policy, asset management, and financial outcomes. Rajan will serve alongside Harvard economist Karen Dynan and former Federal Reserve Governor Jeremy Stein.
Harvard University economist Raj Chetty has been named co leader of the Data Task Force. The group will analyse real time economic and labour market data to support policy decisions. Chetty will work with former Walmart CEO Doug McMillon.
Microsoft executive Asha Sharma has been appointed to the Productivity and Jobs Task Force. The panel will examine the impact of emerging technologies, including artificial intelligence, on productivity, employment, and long term economic growth.
Announcing the appointments, Chairman Kevin Warsh said the Federal Reserve had brought together experts from diverse fields to promote transparency, innovation, and stronger policymaking.
The five task forces will focus on communications, balance sheet policy, economic data, productivity and employment, and inflation management.
The appointments mark another significant recognition of Indian expertise in global economics, technology, and public policy.
