Raghuram Rajan, Raj Chetty, and Asha Sharma Appointed to Lead US Federal Reserve Monetary Policy Review Task Forces

Key facts

• US Federal Reserve Chairman Kevin Warsh announced the leaders of five task forces to examine the central bank’s monetary policy approach.
• Three Indian-origin experts were named: former RBI governor Raghuram Rajan, Harvard University economics professor Raj Chetty, and Microsoft XBOX Chief Executive Officer Asha Sharma.
• Raghuram Rajan will co-lead the Balance Sheet Policy taskforce to examine the Fed’s balance sheet regime; he is a former RBI governor and Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business.
• Raj Chetty, William A Ackman Professor of Public Economics at Harvard University, was named to the panel on Liquidity Dependence and serves as director of Opportunity Insights at Harvard University.
• Asha Sharma, Indian-origin CEO of Microsoft gaming unit XBOX, will lead a task force on productivity and employment; she has worked at Meta, Coupang, Instacart, and The Home Depot.
• Kevin Warsh stated the goal is to ensure the Fed is best positioned to achieve its objectives in this consequential time.