US Federal Reserve Review Panels: Rajan, Chetty and Sharma Lead
Why in the news
Three Indian-origin experts were picked by the US central bank to head review groups examining how it conducts monetary policy.
Key facts
- Body: US Federal Reserve, the central bank of the United States.
- Heads of the panels: Raghuram Rajan, Raj Chetty and Asha Sharma.
- Task: lead key task forces reviewing the monetary policy framework.
Areas under review
| Theme | Focus |
|---|---|
| Balance sheet policy | Policy on its balance sheet |
| Economic data | Data used for policy |
| Artificial intelligence | Effect on productivity and employment |
Exam angle
- Persons in news: Raghuram Rajan, Raj Chetty, Asha Sharma, all of Indian origin.
- Institution: US Federal Reserve; subject: monetary policy framework review.
- Related topic: AI and its impact on productivity and jobs.