E RBI Governor Raghuram Rajan, 2 Other Indian-Origin Experts Join Key US Fed Panels

Published 16 July 2026 · local

E RBI Governor Raghuram Rajan, 2 Other Indian-Origin Experts Join Key US Fed Panels Published By, Last Updated: July 16, 2026, 11:56 IST The appointments

E RBI Governor Raghuram Rajan, 2 Other Indian-Origin Experts Join Key US Fed Panels Published By, Last Updated: July 16, 2026, 11:56 IST The appointments are part of five task forces set up by Warsh to examine key areas of the central bank's functioning. Rapid Read E RBI Governor Raghuram Rajan will be joined by two other Indian-origin experts, Delhi-born American economist Raj Chetty and senior Microsoft executive Asha Sharma. The US Federal Reserve has appointed former Reserve Bank of India (RBI) governor Raghuram Rajan to one of its newly constituted task forces as part of a broad reform initiative aimed at reviewing its monetary policymaking framework after years of elevated inflation. Rajan will be joined by two other Indian-origin experts, Delhi-born American economist Raj Chetty and senior Microsoft executive Asha Sharma, on separate panels announced by newly appointed Federal Reserve Chair Kevin Warsh. The appointments are part of five task forces set up by Warsh to examine key areas of the central bank’s functioning. The panels also include former Bank of England Governor Mervyn King, former Walmart CEO Doug McMillon, Nobel laureate Thomas Sargent, and venture capitalist Marc Andreessen. “I am honoured that the best minds from a range of disciplines have agreed to work with us to sharpen our performance as an institution.

The goal is straightforward: to ensure the Fed is best positioned to achieve our objectives in this consequential time," Warsh said on Thursday. Raghuram Rajan To Review Fed’s Balance Sheet While Warsh did not spell out Rajan’s specific responsibilities, he said the task forces were created to bring fresh perspectives to the Federal Reserve after inflation remained above its target for more than five years. According to a PTI report, Rajan will serve on the balance sheet policy task force alongside Harvard economist Karen Dynan and former Federal Reserve Governor Jeremy Stein. The panel will assess the costs, benefits and institutional implications of the Federal Reserve’s balance sheet framework, including its asset holdings and the role they play in implementing monetary policy. “I reached out to 15 people whom I have known and trusted with a diversity of views. It’s a move towards transparency and new ideas," Warsh said. He added that the five task forces would review the Federal Reserve’s work on communications, balance sheet policy, economic data, productivity and jobs, and the inflation framework. “Our purpose here is to make better decisions in the conduct of monetary policy and put these years of high inflation behind us," Warsh told senators.